General Insurance Corporation of India

General Insurance Corporation of India

General Insurance Corporation of India

Overview
Date Founded

1972

Headquarters

Suraksha,170 Jamshedji Tata Road,Churchgate,Mumbai, Maharashtra 400020

Type of Company

Public

Employees (Worldwide)

580

Industries

Reinsurance
Insurance: Specialty

Company Description

General Insurance Corporation of India engages in the provision of reinsurance services to the direct general insurance companies. It operates through the following segments: Fire, Motor, Aviation, Engineering, Liability, PA, Health, Agriculture, Other Miscellaneous, FL/Credit, Marine Cargo, Marine Hull, and Life. The company was founded on November 22, 1972 and is headquartered in Mumbai, India.

Contact Data
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Executives & Employees

Chief Financial Officer, Secretary & Compliance Officer

Chief Marketing Officer

Chief Risk Officer & Deputy General Manager

Chief Vigilance Officer

Executive Director & General Manager

Deputy General Manager

Chairman & Managing Director

Board of Directors

Chairman & Managing Director at General Insurance Corporation of India

Chief Executive Officer & Managing Director at Bank of India

Former Secretary-Financial Services Department at India Ministry of Finance

Former Chairman, Chief Executive Officer & Managing Director at National Insurance Co., Ltd.

Independent Non-Executive Director at General Insurance Corporation of India

Former Chief Executive Officer & Managing Director at Life Insurance Corp of India

Deputy President at Insurance Institute of India

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Owners & Shareholders
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The New India Assurance Co. Ltd. (Investment Portfolio) is the investment division of state-owned The New India Assurance Co Ltd. in India.Established by Sir Dorabji Tata in 1919, the firm is headquartered in Mumbai. They were previously a subsidiary of General Insurance Corporation of India and have alliances with public sector Indian banks State Bank of India, Central Bank of India, Corporation Bank and United Western Bank.

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National Insurance Co. Ltd. (NIC) is a state-owned insurance firm which was founded in 1906. The firm was formerly a subsidiary of General Insurance Corporation of India (GIC), a wholly-owned subsidiary of the Government of India, but was de-linked from GIC in 2002. NIC is headquartered in Kolkata and is one of the public sector insurance companies in India that offers a wide range of insurance services to its customers, including Personal Line of Insurance, Motor Vehicle Insurance, Rural Insurance, and Industrial & Commercial Insurance through a network of offices throughout the country. Their foreign operations are carried out from branch office in Nepal.

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The New India Assurance Co. Ltd. (Investment Portfolio) is the investment division of state-owned The New India Assurance Co Ltd. in India.Established by Sir Dorabji Tata in 1919, the firm is headquartered in Mumbai. They were previously a subsidiary of General Insurance Corporation of India and have alliances with public sector Indian banks State Bank of India, Central Bank of India, Corporation Bank and United Western Bank.

Recent Transactions
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General Insurance Corporation of India issued Up to INR Equity Shares

Transaction Advisors
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Advised onGeneral Insurance Corporation of India issued Up to INR Equity Shares

Underwriter

Advised onGeneral Insurance Corporation of India issued Up to INR Equity Shares

Legal Advisor

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Clients

Sirius International Insurance Group Ltd. provides insurance and reinsurance products and services. It operates through the following four segments: Global Property, Global A&H, Specialty & Casualty and Runoff & Other. The Global Property segment engages in underwriting business, which offers property insurance and reinsurance, property catastrophe excess reinsurance, and agriculture reinsurance. The Global A&H segment includes insurance, reinsurance, and MGUs units, which offer accident and health products. The Specialty & Casualty segment includes insurance and reinsurance underwriting units which offer specialty & casualty product lines. The Runoff & Other segment consists of asbestos risks, environmental risks and other long-tailed liability exposures including the acquisition and management of runoff liabilities for insurance and reinsurance companies. The company was founded in 2007 and is headquartered in Hamilton, Bermuda.

Janashakthi Insurance Co. Plc engages in the provision of insurance. It operates through the Life insurance, and Non-Life Insurance. The Life Insurance segment offers a broad range of protection products, including life insurance, health products, education, investment plans and retirement products. The Non-Life Insurance segment provides insurance products on motor, fire, marine and health. The company was founded by Chandra Thomas Adolphus Schaffter on August 28, 1992 and is headquartered in Colombo, Sri Lanka.

Ayalon Holdings Ltd. is a holding company and engages in the provision of management and consulting services to the group. It operates through the following segments: Long-term Savings, General Insurance, and Health Insurance. The firm operates through its subsidiary companies, which are associated in the areas of global and local real estate as well as provident and pension funds management. The company was founded by Levi Rachmani on October 12, 1976 and is headquartered in Ramat Gan, Israel.

Key Stats and Financials As of 2019
Market Capitalization
$237B
Total Enterprise Value
$426B
Earnings Per Share
$15.72
Revenue
$447B
Net Profit
$27.6B
Total Debt
$0
Total Equity
$339B
Enterprise Value Sales
0.95x
TEVNet Income
15.43x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
31.88%
Five Year Compounded Annual Growth Rate Of Revenue
21.18%
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