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Bank of Russia gives license to GIC Re for reinsurance business

Sumit Arora Last updated on February 15th, 2020 09:21 am Leave a comment

India’s reinsurance company, General Insurance Corporation of India (GIC Re) has received the license from Central Bank of the Russian Federation (Bank of Russia) to commence reinsurance business in Russia. The license enables the subsidiary to commence transacting domestic and international reinsurance business in Russia based on the capital invested by the Corporation.

Important takeaways for all competitive exams:

Chairman and MD of General Insurance Corporation of India: Devesh Srivastava.
Headquarters of General Insurance Corporation of India: Mumbai.
Vladimir Putin is President of Russia.
Moscow is the capital city of Russia.
The Russian ruble is the currency Russia.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.