India's GIC Re plans to reduce share of overseas property risk as climate losses rise

Indian reinsurer GIC Re is strategically shifting its overseas business focus. Amidst escalating climate-related losses globally, the company plans to reduce its exposure to property and catastrophe risks abroad. Instead, GIC Re aims to bolster its presence in casualty and specialty insurance lines, seeking a more balanced international portfolio over the next three to five years.

Raccontata daeconomictimes.indiatimes.com