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August 30, 2015 10:13 AM ET

Insurance

Company Overview of General Insurance Corporation of India

Company Overview

General Insurance Corporation of India offers reinsurance and risk management solutions to direct general insurance companies in India, SAARC countries, South East Asia, the Middle East, and Africa. It provides reinsurance in the areas of property, marine, engineering, miscellaneous, aviation-hull and spares-fixed wing, aviation treaty-hull, spares, and liability. The company also provides training, seminars, and workshops for junior and middle level executives from direct insurance and reinsurance companies looking after underwriting–direct/reinsurance, technical accounts, claims management, retrocession, and risk management. The company was incorporated in 1972 and is headquartered in Mumb...

Suraksha

170 Jamshedji Tata Road

Churchgate

Mumbai,  400 020

India

Founded in 1972

Phone:

91 22 2286 7000

Fax:

91 22 2289 9600

Key Executives for General Insurance Corporation of India

Chairman, Managing Director and General Manager
Chief Financial Officer and General Manager
Chief Executive Officer of Dubai Branch Office and Deputy General Manager of Dubai Branch Office
Chief Compliance Officer, Assistant General Manager, Secretary and Member of Ethics Committee (Management)
Chief Marketing Officer, General Managar and Chief of Internal Audit
Compensation as of Fiscal Year 2015.

General Insurance Corporation of India Key Developments

GIC Re Announces Earnings Results for the Fiscal Year 2015

GIC Re announced earnings results for the fiscal year 2015. For the year, the company posted 22.75% on-year growth in its profit before tax at INR 28.27 billion. The profit after tax in the year was INR 26.93 billion.

GIC Re Announces Executive Changes

GIC Re has appointed K Sanath Kumar as general manager with additional charge of chairman-cum-managing director. Prior to this, Kumar was with New India Assurance as general manager and director. He will be replacing A K Roy as CMD, who retired last month.

New India Assurance And GIC Re Asked To Consider Listing

Hasmukh Adhia, Financial Service Secretary asked The New India Assurance Co. Ltd. and General Insurance Corporation of India to consider a listing on the stock exchanges, officials at the firms told Economic Times. The listing may reportedly occur in the next financial year.

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