General Insurance Corporation of India

About

General Insurance Corporation of India (GIC Re), established in 1972 by the Government of India, is the country’s national reinsurer with a global presence and a net worth of USD 9.75 billion. GIC Re provides reinsurance support to life and non-life insurers, leading programs across Africa, SAARC, the Middle East, and South Asia.Designated as a Domestic Systemically Important Insurer (D-SII) by IRDAI, GIC Re has diversified its risk portfolio through branches in London, Kuala Lumpur, and Gandhinagar (GIFT City), along with subsidiaries in South Africa, Russia, and the UK. It operates GIC Re Syndicate 1947 at Lloyd’s of London and has a joint venture with Bhutan - GIC Bhutan Re Ltd.Listed on Indian stock exchanges since 2017, GIC Re remains majority-owned by the Government of India and is ranked among the top 10 global reinsurers by A.M. Best.