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GIC Re slips into red with Rs 596 crore net loss in Q2
November 11, 2019 | By Moneycontrol.com
business
The reinsurer had posted a net profit of Rs 513.84 crore for the same quarter a year ago.
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Higher agriculture losses and flood claims across India pulled down the September quarter (Q2) numbers of reinsurer General Insurance Corporation of India (GIC Re) and pushed it into the red with Rs 595.45 crore net loss for the period. The reinsurer had pos
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