GIC-RE eyes global footprint with entry into Lloyd's trading in April

SAARC region's largest re-insurer names seasoned Lloyd's market practitioner as Active Underwriter; targets 60:40 domestic to international biz ratio

General Insurance Corporation (GIC-Re) will take a major step forward in its drive to establish a global footprint, offering re-insurance covers across the spectrum, once it starts operations next month in Lloyd's of London international insurance market. 

Lloyd's of London, the primary international insurance market, provides specialist insurance and re-insurance services. The ‘exchange’ began its Indian operations in April 2017, with MS Amlin joining the branch as a re-insurer focused strongly on infrastructure, agriculture and disaster management.

“GIC Re is a market leader in India and SAARC region, having been established for more than 45 years. ‘GIC Syndicate 1947’ has now received