Plan to diversify in India, abroad: GIC Re CMD Ramaswamy Narayanan

We plan to finish at around Rs 42,000-43,000 crore for FY25, up 15-16 per cent from last year at Rs 37,000 crore, driven by the health segment to a great extent, said GIC CMD Narayanan

Ramaswamy Narayanan, chairman and managing director (CMD), General Insurance Corporation of India (GIC Re), in an interview with Aathira Varier in Mumbai, outlines the company’s diversification plans to grow its premium while mitigating the impact of growing natural catastrophes on its book. Edited excerpts:

The public float for a listed company should be 25 per cent. Is there a plan by the government to divest more in the company to meet the minimum public norms? 
 

We did a series of roadshows when we met people in the market. They sat up and took notice of the fact