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) here.
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.
