GIC Re

Govt might take offer-for-sale route to cut back stake in GIC Re

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GIC Re, India’s largest re-insurer, has prepped itself for a potential offer-for-sale (OFS) by the Authorities, with the probability of a credit standing improve by AM Finest seen appearing as a tailwind. At the moment, the Authorities has 85.78 per cent stake within the firm. For an organization to be listed and proceed to be … Read more

LIC, GIC Re, New India proceed to be D-SIIs for 2023-24: IRDAI

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The Insurance coverage Regulatory and Improvement Authority of India (IRDAI) has recognized three Home Systemically Necessary Insurers (D-Slls) for the 12 months 2023-24. “Life Insurance coverage Company of India,  Common Insurance coverage Company of India and New India Assurance Co Ltd proceed to be recognized within the 2022-23 listing of D-Slls,’‘ the insurance coverage regulator mentioned in a … Read more