Rising geopolitical tensions have prompted GIC Re to withdraw marine hull war-risk cover in key regions. The move exposes Indian refiners and importers to fresh risks in global oil transport ...

The Financial Services Institutions Bureau (FSIB) has recommended Hitesh Rameshchandra Joshi for the position of Chairman-cum-Managing Director of GIC-Re. Joshi, currently the acting CMD of GIC-Re, is ...

State-owned reinsurer GIC Re withdraws marine cargo war cover for facultative reinsurance contracts in several high-risk ...

GIC Re halts marine hull war risk reinsurance support for high-risk zones, impacting insurers amid rising geopolitical tensions.

SINGAPORE--(BUSINESS WIRE)-- AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of ...

India, March 11 -- Tankers are going dark. In the Persian Gulf one of the world's busiest oil corridors, ships are being rerouted, stranded, and left without insurance cover. The cause is an oil price ...

GIC Re withdraws marine hull war risk cover in high-risk regions including Persian Gulf, Black Sea, and Red Sea amid rising geopolitical tensions.

Mumbai: General Insurance Corporation of India (GIC Re) reported a strong profit performance in the third quarter of FY26, even though its core insurance business remained under pressure. For the ...

FSIB recommends Shri Hitesh Rameshchandra Joshi as CMD of GIC Re after a structured evaluation. Learn about the selection ...