The General Insurance Corporation of India (GIC Re) is set to establish a wholly owned subsidiary in the UK, named GIC Re, India Service Company, to expand its international operations in compliance with local regulations. This follows a positive trend in financial performance, with a narrowing underwriting loss reported at ₹2,959.34 crore for nine months ending December 31, 2024, signaling growth in a competitive reinsurance landscape. Source and details of the news
