• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, Jan. 28

The General Insurance Corporation of India (GIC Re) has inaugurated its branch office in London. The Finance Minister, Mr P. Chidambaram, who inaugurated the office described it as a “giant step” in the international expansion of GIC Re. A press release quoting Mr Chidambaram said, “It is our goal to make GIC Re a world-class reinsurer. It already offers reinsurance support to a 1,000 insurance companies”. The London branch is the second representat ive office of the reinsurer to be upgraded to a branch. Its Dubai office was upgraded to a branch in February 2007. Mr Yogesh Lohiya, Chairman-cum-Managing Director of GIC Re, said: “London has always been a true global leader for international business and reinsurance business, and it gives GIC Re great pride to see our operation here go from a representative office to a branch office.”

— Our Bureau

More Stories on : General Insurance | Overseas Investments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Reliance Money to cover 5,645 tehsils for product distribution

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line