General Insurance Corporation of India Management Change
GIC Re renewed Suresh Sindhi's appointment as Appointed Actuary (Life) and Key Managerial Personnel from November 9, 2026. The term is one year.
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GIC Re renewed Suresh Sindhi's appointment as Appointed Actuary (Life) and Key Managerial Personnel from November 9, 2026. The term is one year.
Premium growth is strong, but Q2 profit fell year on year to ₹2,455.62 Cr as the claims ratio rose to 87.39%. Management deflected on catastrophe losses, combined-ratio targets and Ind AS impact.
H1 FY27 GWP Rs 24,704 Cr, NWP Rs 23,226 Cr, PAT Rs 4,378 Cr, combined ratio 107.4%, ROE 16.4%, solvency 418%. Strategy: international expansion, cat reserves, digitisation.