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News - India: GIC’s ratings affirmed by AM Best

Source: Asia Insurance Review | Apr 2009


AM Best has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of General Insurance Corporation of India (GIC). The outlook for both ratings is stable. The agency says that the ratings reflect GIC’s adequate risk-adjusted capitalisation, improved underwriting performance and strong market presence.

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