Ray succeeds Hadi Riachi, who has been shifted as Head of the Global Underwriting Centre for Swiss Re Corporate Solutions
Singapore:
Swiss Re, the second largest global reinsurr, has elevated Amitabha Ray, Head of P&C Client Markets and Chief Underwriting Officer at Swiss Re India Branch, as the chief executive officer (CEO) of the India operations, effective April 1st, 2024, subject to regulatory approvals.
He succeeds Hadi Riachi, who has been relocated as Head of the Global Underwriting Centre for Swiss Re Corporate Solutions.
Ray, who has led the local team of client managers to drive non-life reinsurance business growth in India since 2018, will be based in Mumbai and report to Victor Kuk, Head P&C Reinsurance SID.
Among 11 foreign reinsurance branches(FRBs) in India, Swiss Re ranks as the third largest reinsurer in terms of premium income in Indian market in Fy 2022-23 with Munich Re at the top followed by Hannover Re.
“We are glad to have found a highly qualified individual to succeed Hadi in leading our India team. With Amit’s expertise and knowledge, we are confident that Swiss Re is well-positioned to strengthen our growth in India,” Kuk said.
Ray has 27 years of experience at the Swiss Re and as the Head of P&C Client Markets and was Chief Underwriting Officer of the Swiss Re India Branch for the last six years.
Previously, Ray held various roles in Zurich, Singapore, Hong Kong, Mumbai and Johannesburg, including treaty underwriting, client management, facultative, and business development.