General Insurance Corporation Of India

General Insurance Corporation of India (GIC Re), established on November 22, 1972, is a premier public sector reinsurance company headquartered in Mumbai, India. Initially formed to manage and control the general insurance business in India, GIC Re has evolved into a global player in the reinsurance market. The company was created following the nationalization of the general insurance business, consolidating 107 entities into four primary companies: New India Assurance, United India Insurance, Oriental Insurance, and National Insurance.

GIC Re operates across various segments, including fire, motor, aviation, engineering, liability, personal accident, health, agriculture, marine cargo, marine hull, and life insurance. The company offers reinsurance products on both treaty and facultative bases, ensuring comprehensive coverage and risk management solutions for its clients. With a robust financial foundation, GIC Re has expanded its operations internationally, establishing offices in key global markets such as the UK, Malaysia, Russia, and the UAE. .

In addition to its core reinsurance activities, GIC Re is committed to corporate social responsibility (CSR) and sustainable development. The company engages in various community development programs, focusing on education, healthcare, and environmental sustainability. GIC Re’s CSR initiatives include sponsoring seating benches at railway stations, supporting economically weaker sections through ...