General Insurance Corporation of India (GIC Re) is the leading reinsurer in the Indian market and an influential partner in the Afro-Asian region, overseeing reinsurance programs in the Middle East, North Africa, and SAARC countries. Established in 1972 and headquartered in Mumbai, GIC Re transitioned from a private to a public limited company in 2016 and was publicly listed following its IPO in October 2017. The Government of India retains an 85.78% stake post-IPO.
GIC Re operates globally with offices in London, Dubai, Kuala Lumpur, and Moscow, offering reinsurance across various sectors including property, motor, agriculture, and more. It manages significant initiatives like the Indian Nuclear Insurance Pool and the FAIR NATCAT Reinsurance Pool. GIC Re also expanded its international footprint with subsidiaries in South Africa and Russia, enhancing its global reinsurance capabilities.
