General Insurance Corporation of India has appointed Ramaswamy N as its new Chairman and Managing Director (CMD), effective from October 1, 2023.
According to the announcement, this appointment follows the decision by the Ministry of Finance, Government of India.
A renowned veteran across the sector, Ramaswamy brings a deep level of expertise that spans across three decades towards his new role at GIC Re.
GIC Re noted that his journey within the organization has been marked by “remarkable achievements” and a profound impact on various aspects of the reinsurance sector.
Addressing his new role, Ramaswamy said: “I am deeply honored and humbled by the trust and confidence that the Ministry of Finance and the Board of GIC Re have placed in me by appointing me as the Chairman and Managing Director of this esteemed organization. GIC Re has a rich legacy of serving the insurance and reinsurance needs of our nation and beyond.”
He continued: “I am excited to lead this talented and dedicated team into the future, where we will continue to innovate, collaborate, and drive excellence in the insurance industry.
“Together, we will uphold GIC Re’s tradition of reliability and build on its reputation as a global leader in reinsurance. I look forward to working closely with all stakeholders to achieve our vision and contribute to the growth and resilience of the insurance sector.”
