global footprint News

India’s GIC Re Posts $455 Million Profit for Fiscal 2014-15

General Insurance Corporation of India (GIC Re), the sole Indian Reinsurer, announced that it has earned a profit before tax of $455 million during the year 2014-15 with a growth of 22.75 percent. The profit after tax would be $434 …

Catlin Group 1st Half Pre-Tax Profits up 118% at $318; Net Uncome$273 Million

The Bermuda-based Catlin Group Limited posted strong increases in pretax profits and net income. The Group’s report for the first half of 2014 featured the following highlights in what it described as “challenging market conditions:” – 118 percent increase in …