Categories: Banking

Bank of Russia gives license to GIC Re for reinsurance business

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

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.