General Insurance Company sets up base in GIFT City, Gujarat
Posted on:22 Apr 2017 16:57:19
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22 April 2017 Current Affairs:
General Insurance Corporation of India (GIC Re) has become the first re-insurer to open an office at India’s first International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City).
Wholly-owned by the government, GIC Re, which supported the growth of general insurance business in the country through its four wholly-owned subsidiaries for about 30 years, was designated as the national reinsurer in 2001. It provides reinsurance support to life and non-life insurers in India and abroad.
Mrs. Alice G Vaidyan is the Chairman-cum-Managing Director of GIC .It is headquartered in Mumbai, Maharashtra.
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