General Insurance Corporation of India

General Insurance Corporation of India (GIC Re), incorporated in 1972 and headquartered in Mumbai, Maharashtra, is the sole national reinsurer in India. Designated as the Indian Reinsurer under Indian insurance regulations, the corporation provides reinsurance support to direct general, life, and health insurance companies operating across domestic and global markets. GIC Re manages reinsurance capacity across multiple business lines, including property, energy, marine, engineering, agriculture, motor, aviation, and health insurance. The corporation operates internationally through branch offices in London, Dubai, and Kuala Lumpur, along with representative offices and subsidiary operations, establishing a diversified global risk portfolio across Asian, African, and Middle Eastern markets. In October 2017, the Government of India conducted an Initial Public Offering for GIC Re, comprising a fresh issue of shares to augment the corporation's capital base and an Offer for Sale by the President of India. As a key public sector enterprise, GIC Re plays a central role in maintaining systemic stability within the Indian insurance ecosystem.