AM Re sues GIC for $100m+ amid bitter row over US business
10-02-2022
East meets West: Asian appetite for US risks is growing, says AM RE
15-11-2021
shutterstock/Pavel Kapysh
General Insurance Corporation of India (GIC Re) has “disputed” the claims made by AM Re Syndicate who is suing the Indian government-run reinsurer for allegedly breaking binding authority agreements and working with cedants AM Re had sourced, underwrote, and negotiated for several years on behalf of GIC Re. AM Re is seeking a minimum of $115 million in damages, which so far GIC Re has refused to honour.
The rest of this article is locked. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, and all the other content. Please use this link and follow the steps.
To take out a free two week trial, use the same link but select the 'trial' option in the dropdown box.
For multi-user price options, or to check if your company has an existing subscription we can add you into, please email Elliot at efield@newtonmedia.co.uk
GIC Re, AM Re Syndicate, Lawsuit, Breach of Contract, Insurance, Reinsurance, North America, India
