Ratings agency AM Best has downgraded the financial strength rating of Indian reinsurer GIC Re to B++ from A-, citing "deterioration in balance sheet strength".
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 firstname.lastname@example.org
GIC Re, Downgrade, AM Best, Insurance, Reinsurance, Balance sheet, India, New Dawn Risk, Max Carter, Asia Pacific