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rank-15Ranked 15thLargest Global Reinsurer Group(compiled by A M Best)



Ms. Madhulika Bhaskar

Ms. Madhulika Bhaskar


Ms. Madhulika Bhaskar is currently working as Director and General Manager with the General Insurance Corporation of India (GIC Re). She joined GIC Re in 1988 as a direct recruit officer and worked with the Corporation for 34 years. During this period, she handled various departments like Reinsurance operations, Pools, Technical Underwriting, Foreign Operations, Investment, Audit, Estate & Establishment, ERM and CSR amongst others. She has shouldered key managerial positions of Chief Risk Officer, Financial Advisor, Chief of Audit and CISO.

Along with her GM position she additionally handled the post of Chairman cum Managing Director of New India Assurance Co. Ltd for a period of 6 months.


Ms. Bhaskar is an M.Sc. in Microbiology from Mumbai University, and a Fellow of the Insurance Institute of India. She also holds a Diploma in Computer Management from Mumbai University. She takes great interest in sharing her rich experience and keeps close association with academics through her assignments as visiting faculty with National Insurance Academy, Pune; Insurance Institute of India, Mumbai; IRDAI; and other management institutes of repute. She has also been a speaker at various international conferences on Insurance, Reinsurance, and Risk Management and has many articles published to her credit in many insurance journals and periodicals. 


Ms. Bhaskar also holds the position of Non-Executive Director on the Board of GIC Re South Africa Limited, GIC Prestrakhovanie LLC (Russia), and Stock Holding Corporation of India Ltd. 


Ranked 15thLargest Global Reinsurer Group(compiled by A M Best)