Clyde & Co has advised General Insurance Corp of India (GIC Re) on its Initial Public Offer (IPO), which listed in India on 23 October 2017.

The IPO of the state-owned reinsurer was the third largest in Indian history at USD1.75 billion and was one of the largest IPOs in Asia in 2017. GIC Re is the 3rd largest reinsurance company in Asia and the 12th largest in the world.

Clyde & Co, led by Partner John Chrisman, acted as US and international counsel representing GIC Re and the Government of India on the IPO.

Axis Capital, Citigroup, Deutsche India, HSBC Securities and Kotak Capital are the book running lead managers to the offer.