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India’s GIC Re ‘making progress’ on potential catastrophe bond issue

According to a representative of India’s national reinsurance company, General Insurance Corporation of India or GIC Re, the company is making progress in its efforts to become the first Indian catastrophe bond sponsor.Artemis spoke to a representative of the company this morning who confirmed that the project, assessing the possibility read the full article →

India’s GIC Re still investigating catastrophe bonds

India’s national reinsurance company, General Insurance Corporation of India or GIC Re, is continuing to look at catastrophe bonds as a viable addition to its retrocessional reinsurance program, according to its chairman.As Artemis reported back in October, GIC Re would like to be the first Indian sponsor of a catastrophe read the full article →

India’s GIC Re approves use of catastrophe bonds for risk transfer

India's national reinsurance company, General Insurance Corporation of India or GIC Re for short, will look to catastrophe bonds as a potential source of risk capital and transfer as it seeks to provide cover for losses and access capital at cheaper rates, according to a report.GIC Re primarily operates in read the full article →