About the company
GIC Re (Russia) LLC (OOO DzhiAiSi Perestrakhovanie) is a professional reinsurer wholly owned by General Insurance Corporation of India (GIC Re). The Russian company was established on 14 November 2018, while GIC Re itself has worked in Russia and other former Soviet countries since 2002, when it opened a representative office in Moscow. Its Bank of Russia reinsurance licence is PS No. 4375 (reissued on 4 April 2024); charter capital is RUB 600 million.
The reinsurer does not issue policies to individuals or corporate policyholders. Its clients are insurance companies and brokers that need to pass on part of a large risk or portfolio to withstand a major loss.
Risks it reinsures
The company offers the full range of facultative and treaty reinsurance across the main non-life lines, split into marine and non-marine business:
- commercial property — corporate property insurance;
- construction, erection and engineering risks — CAR/EAR;
- aviation — hull and liability of airlines and general aviation;
- marine hull and cargo, offshore energy;
- general liability and professional liability, specialised professional risks.
According to the company, its maximum capacity is up to USD 50 million for property and construction risks, up to USD 5 million for cargo and up to USD 2.5 million for hull. It accepts risks from Russia and other post-Soviet countries.
Rating and reporting
ACRA credit rating: AA(RU), outlook Stable, affirmed on 8 June 2026 (according to the company). Financial reports and disclosures are published on the company’s website. Learn more about this market in our reinsurance section.
Contacts
Office: 25 Leontyevsky Lane, Moscow. Tel. +7 (499) 657-55-10, e-mail info@gicre.ru, open Monday to Friday 9:30–18:00. Website: www.gicre.ru.
If you are a policyholder looking to protect a large asset, start with a request: Polis Re specialists will help you find an insurer, and the insurer will arrange the reinsurance itself.