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AM Best Downgrades Credit Ratings of GIC Perestrakhovanie LLC and Maintains Under Review With Negative Implications Status

AM Best has downgraded the Financial Strength Rating to B+ (Good) from B++ (Good) and the Long-Term Issuer Credit Rating to "bbb-" (Good) from "bbb" (Good) of GIC Perestrakhovanie LLC (Russia). Concurrently

GIC sued for $115 million by AM Re for cancellation of agreement

The Indian government owned General Insurance Corporation of India (GIC), a reinsurance company is facing a multimillion dollar lawsuit in the US filed by AM Re Syndicate Inc.The US based AM Re, a reinsurance provider, has filed a suit for $115 .

GIC sued for $ 115 million by AM Re for cancellation of agreement

The Indian government owned General Insurance Corporation of India (GIC), a reinsurance company is facing a multimillion dollar lawsuit in the US filed by AM Re Syndicate Inc.

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