GIC Perestrakhovanie

GIC Re is ranked 11th Among the top
40 global reinsurance groups
by S&P Global Ratings

AM BEST AFFIRMS THE RATING OF "GIC PERESTRAKHOVANIE" AT THE LEVEL OF B++ (Good)

News

20 September 2021

AM BEST AFFIRMS THE RATING OF "GIC PERESTRAKHOVANIE" AT THE LEVEL OF B++ (Good)

On 17 September 2021, AM Best affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of “GIC Perestrakhovanie” LLC. The outlook of these Credit Ratings (ratings) is stable.

This is the first scheduled affirmation of the rating first assigned by AM Best in December 2020.

As before, the rating agency specially outlines the GIC Perestrakhovanie’s strong balance sheet, adequate operating performance as well as comprehensive support from the parent - GIC Re (Mumbai).

Full version of AM Best’s press release is available at the following link:
https://news.ambest.com/presscontent.aspx?refnum=31172&altsrc=9&_ga=2.40075106.1130120576.1631884313-405421471.1631884313

MOKASHI Sanjay Vasant, General Director of LLC "GIC Perestrakhovanie":
"Rating is definitely one of the most important attributes of a reinsurer. And in this regard we are satisfied that both rating agencies we cooperate with have affirmed their rating assigned based on our performance during the first 12 months of operations. From one point of view, it is a positive evaluation of our activities in the Russian market at the initial stage, from another – this is the key factor for us to take into account for developing our operations in the region further."

18 July 2021

ACRA AFFIRMS ITS AA(RU) RATING OF "GIC PERESTRAKHOVANIE"

On July 19, 2021, GIC Perestrakhovanie LLC, a 100% subsidiary of General Insurance Cor...

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7 December 2020

GIC PERESTRAKHOVANIE IS ASSIGNED B++ (GOOD) BY AM BEST

GIC Perestrakhovanie LLC – a Russia domiciled 100% subsidiary of General Insurance Cor...

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5 February 2020

GIC REINSURANCE LLC - THE REINSURANCE LICENSE RECEIVED

GIC Reinsurance LLC - 100% subsidiary of General Insurance Corporation of India (GiC Re)...

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