Bank of Russia gives license to Indian reinsurance company

  • The Central Bank of has given license to the Indian reinsurance company, (GIC Re).
  • The license was given to GIC Perestrakhovanie which is a subsidiary of GIC Re.
  • This license permits the subsidiary company to commence transacting domestic and international reinsurance business in Russia.
  • GIC Re is a state-owned reinsurance company in India.
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