Global reinsurance giant Swiss Re has announced the appointment of Hadi Riachi as Chief Executive Officer (CEO) of its India branch, effective April 1st, 2020.
Riachi’s appointment remains subject to regulatory approvals and sees him takeover from G. Satish Raju, who is to pursue other opportunities outside of Swiss Re.
In his new role, Riachi will be based in Mumbai and will be tasked with driving growth across the reinsurer’s P&C and L&H business lines in India. At the same time, he will be responsible for strengthening the firm’s engagement with its government partners.
He first joined Swiss Re in 2015 as Head of Property & Specialties for Corporate Solutions in Shanghai, China. In this role, he covered a broad range of P&C lines. Most recently, he served as Head of North Africa, where he led with the growth of the portfolio across both P&C and L&H business lines.
Victor Kuk, Head of P&C Solutions, Southeast Asia, India, Korea, Hong Kong and Taiwan, commented: “We believe that Asia will drive 50% of Swiss Re’s growth in this decade and part of that growth lies in our ability to capture the opportunities in high-growth markets, which includes India.
“With Hadi on-board, we have a leader with a wealth of experience in the P&C business and a proven track-record in realizing the potential and opportunities in a high growth market environment, which will be instrumental to our growth plans in India.
“On behalf of the company, I would like to personally thank G. Satish Raju for his dedication over the last 19 years. During his tenure at Swiss Re, he has established good engagement with clients and government partners, deepening our presence in India.”
