GIC Re wants to be among top 10 global reinsurers
Wednesday, 01 27 2016, Category: Insurance and Reinsurance, Country: India
GIC Re, India's sole reinsurer, today said that it is fully geared to meet the emerging competition in the domestic reinsurance sector.
The company also said that it wants to be among the top ten reinsurers of the world, from its currently global positioning at 14th, over the next couple of years.
After assuming charge as the chairman and managing director of GIC Re, Alice Vaidyan said, "GIC Re is confident of increasing its market share even after the arrival of global reinsurers in the country. We have almost 50 per cent market share at present."
Source: Business Standard