GIC Re outlook changed to negative by AM Best over profit concerns


Ratings agency AM Best has revised the outlook to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) of General Insurance Corporation of India (GIC Re), expressing concerns over the company's "deteriorating underwriting results and an increased reliance on investment activities".

GIC Re, AM Best, Negative outlook, Insurance, Reinsurance, Profit, North America

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