General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has announced that its Board of Directors has accepted the resignation of V. Balkrishna as Chief Financial Officer (CFO) and Key Managerial Person.
According to the announcement, the executive is retiring under the company’s Voluntary Retirement Scheme of the Corporation.
Rajesh Laheri, Deputy General Manager, has been appointed as the new CFO and Key Managerial Person of the Corporation, effective following Balkrishna’s departure.
Laheri has been part of GIC Re since April 1998, when he joined the company as Direct Recruit officer.
Throughout his time at the company, Laheri has been involved in various functions including Preparation of Final Accounts and Property Reinsurance.
He was posted to GIC Re’s London branch for six years where he handled Finance, IT and other functions, and is currently in charge of the Corporation’s General Accounts and Taxation Department.
Laheri is also an Associate Member of Institute of Chartered Accountants of India, Final Pass of Institute of Company Secretaries of India, the Institute of Cost and Works Accountants of India, as well as a Fellow Member of Insurance Institute of India.
