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GIC sets up natural disaster pool

18 February 2010

General Insurance Corporation of India (GIC) is setting up a natural catastrophe pool for insurance and reinsurance companies.

Read more: General Insurance Corporation GIC natural disaster pool natural catastrophe FAIR Natural Catastrophe Pool Federation of Afro-Asian Insurers and Reinsurers

General Insurance Corporation (GIC) is setting up a natural catastrophe pool for insurance and reinsurance companies, Business Standard reports. The Federation...


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For more catastrophe reports, data and news, click through to the RMS/Reactions Catastrophe Centre.

Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
67%
$4bn-$5bn
0%
$5bn-$6bn
33%
$6bn-$7bn
0%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield