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GIC Re flags GIFT City reinsurer influx as industry challenge

General Insurance Corporation of India (GIC Re) said the influx of new reinsurers into GIFT City is a challenge, while remaining optimistic about the long-term growth of India’s insurance market.

GICRE

Mumbai, Sept.

1 -- General Insurance Corporation of India (GIC Re) has flagged the influx of new reinsurers into GIFT City as a challenge for the industry, even as it remains optimistic about the long-term growth of India's insurance market."The outlook for the insurance and reinsurance industry re…