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International

GIC Re to launch nuclear insurance pool this year

May 28, 2015 Reprints

General Insurance Corp. of India chairman Ashok Kumar Roy has said in an interview that the reinsurer would launch the country's nuclear insurance pool in 2015, Daily News & Analysis reported.

The reinsurer has collected 9 billion Indian rupees ($141 million) for the INR 15 billion nuclear pool, Mr. Roy said. The reinsurer is expecting government contribution for the pool, added Mr. Roy. Meanwhile, Mr. Roy also said that GIC Re expects its global business to continue expanding.

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GIC Re to launch nuclear insurance pool this year

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