Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

GIC Re denies refusing cover to Indian refineries processing Iranian crude

February 13, 2013 Reprints

Reinsurer General Insurance Corp. of India Ltd. denied refusing cover to any Indian refinery processing Iranian crude, SmartInvestor.in reported.

Insurers were unaware of the new sanction that left them uncovered if they dealt with Iranian crude, A. K Roy, Chairman and Managing Director of GIC Re said.

Industry sources reveal that the reinsurer is considering separate covers for crude imports from Iran and rest of the world.

Help

GIC Re denies refusing cover to Indian refineries processing Iranian crude

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources