US specialty insurer Assurant, Inc. has announced the appointment of Rajiv Basu, former senior partner in Deloitte’s Insurance Practice, to its Board of Directors.
Basu brings four decades of global finance and financial services industry expertise amassed during his time at Deloitte, where he advised large financial institutions in the US and abroad, including in all areas of insurance.
His career has spanned the world, and he held leadership positions in London, New York, Mumbai and Singapore.
During his tenure at Deloitte, he also led the company’s diversity initiative in the Northeast for several years.
Basu was also a founding member of Ascend, a Pan Asian leadership organisation with over 18 professional chapters today and served as an officer and on its board for ten years.
Elaine D. Rosen, Assurant Chair of the Board, said: “As a 40-year senior executive at Deloitte, Rajiv brings decades of experience of strategic relevance in the financial services industry, with a specialisation in insurance and an extensive international portfolio.
“This combination of skills, along with his demonstrated commitment to leadership in diversity, equity and inclusion make him a strong addition to our Board of Directors.”
Assurant president and CEO Keith Demmings added: “Rajiv is widely respected for his distinguished career and deep financial and industry experience, which will serve Assurant well as we execute on our plan to sustain profitable growth and outperformance.
“Culturally, he shares our global fluency which will provide insight to further broaden our competitive advantage and growth opportunities across the world.”