Reinsurance

GIC Re appoints Mr. Rajesh Laheri as Chief Financial Officer and Key Managerial Personnel effective 18th June 2026. Mr. V. Balkrishna resigns as CFO due to voluntary retirement under VRS but continues

Ministry of Finance approved Hitesh Joshi's appointment as Chairman-cum-Managing Director of GIC Re effective June 16, 2026. Joshi will serve as CMD until his superannuation on September 30, 2028, or

GIC Re reported Q4 FY26 net profit of ₹2,254 crore, up 3.3% YoY, with full-year profit rising 25.2% to ₹8,392 crore. Gross premium income grew 6.9% YoY to ₹44,007 crore in FY26, with a 75:25 domestic-