GIC Perestrakhovanie LLC was incorporated on 14th November 2018 as a 100% subsidiary of General Insurance Corporation of India (GIC Re) – a state-owned specialist reinsurance company of the Republic of India and one of the largest reinsurers worldwide.
The launch of GIC Perestrakhovanie is the next step on the way of developing and strengthening GIC Re’s position in the reinsurance market of former USSR where the corporation has been actively working since 2002 when the Representative office was opened in Moscow. For the years passed, all leading insurance and broking companies of the region have become the close partners of GIC Re on Non-life reinsurance business.
GIC Perestrakhovanie LLC operates on the basis of reinsurance license No. PS 4375 issued by the Central bank of Russian Federation on 30.01.2020. The paid-up capital of the company is 600,000,000 RUB.
The scope of GIC Perestrakhovanie’s activities covers the entire Non-life facultative and treaty reinsurance across all major lines of business.
The values of the company are based on those of GIC Re:
Vision: To be Leading regional reinsurer
Mission: to provide the regional market with first-class reinsurance services while cultivating long-term relationship with business partners on the basis of modern business ethics and practice and deployment of all contemporary reinsurance products and technologies.