General Insurance Corp.of India

Incorporated in 1972, General Insurance Corporation of India is the largest reinsurance company in India in terms of gross premiums. They provides various general insurance products like property, energy, marine, engineering, miscellaneous, aviation-hull/spares-rotor wing, aviation-hull/spares-fixed wing, liability, aviation treaty–hull, spares and liability insurance products. They also offers cargo and offshore energy, motor, life, agriculture, space, health, credit and financial insurance.They offers reinsurance solutions for the Afro-Asian region and reinsurance programs in South East Asia, the Middle East and Africa. They develop their overseas business through their home office in Mumbai, branch offices in London, Dubai and Kuala Lumpur, a representative office in Moscow, a subsidiary in the United Kingdom that is a member of Lloyd’s of London and asubsidiary in South Africa.Competitive Strengths1. Leader in Indian reinsurance industry with 44 years of experience2. International presence3. Diversified product portfolio and revenue streams4. Strong financial track record and a strong balance sheet5. Experienced management team

General Insurance Corp.of India proposes to utilise the net proceeds from the Issue for the following objects: