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February 11, 2016 4:03 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 and Managing Director
General Manager and Director
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

General Insurance Corporation Not To Buy An UK Company

General Insurance Corporation of India is not planning to buy a company in UK. Alice Vaidyan, Chairperson and Managing Director of General Insurance Corporation said that General Insurance Corporation has dropped its plan to acquire a company in UK.

GIC Re Seeks Inorganic Growth Opportunities

General Insurance Corporation of India (GIC Re), the sole national reinsurer of the country, is now looking at inorganic growth opportunities. Chairman and Managing Director of General Insurance Corporation, talks about strategy and expansion plans.

General Insurance Corporation of India Appoints Alice G Vaidyan as CMD

Alice G Vaidyan has been appointed as CMD of General Insurance Corporation of India (GIC Re). Vaidyan's appointment, with a tenure until July 2019, comes at a time when the market is being opened up for foreign reinsurance companies and several, including Lloyd's of London, have announced that they would open branches there. A general manager at GIC Re, Vaidyan had begun her career as a direct recruit officer at New India Assurance Corporation in 1983. She has been with GIC Re since 2008. She has been the face of the corporation in international business for marine, aviation and oil & energy reinsurance.

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