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GIC Re’s Madhulika Bhaskar appointed as acting CMD of New India Assurance

GIC Re’s Madhulika Bhaskar appointed as acting CMD of New India Assurance

by AIP Online Bureau | Mar 22, 2022 | Indian News, Non-Life, Reinsurance

Madhulika Bhaskar Unlike the old practice, where normally two general managers of a PSU general insurance company, where the vacancy is occurring, are given charge as an interim arrangement till a regular CMD is appointed, this is for the first time, a general manager...
New India in talks with GIC Re and global reinsurers place Rs 43,000 cr nuclear plant cover

New India in talks with GIC Re and global reinsurers place Rs 43,000 cr nuclear plant cover

by AIP Online Bureau | Mar 2, 2022 | Indian News, Non-Life, Reinsurance

Industry sources point out that placement of the KKNNP insurance has to be completed soon as the reinsurance market has shown hardening tendency in view of Russian invasion of Ukraine that has started impacting the reinsurance rates    Mumbai: With the...
MoF may ask a GIC Re official to hold charge of NIA CMD

MoF may ask a GIC Re official to hold charge of NIA CMD

by AIP Online Bureau | Feb 27, 2022 | Indian News, Non-Life, Reinsurance

According to sources in the industry, some of the general managers of GIC Re, who are being considered to hold charge at NIA are Madhulika  Bhaskar and Jayshree Ranade New Delhi: The Ministry of Finance may ask a senior official of GIC Re to head New India...
MoF may ask a GIC Re official to hold charge of NIA CMD

Govt to soon decide on giving additional charge of New India Assurance CMD

by AIP Online Bureau | Feb 20, 2022 | Indian News, Non-Life, Policy

The finance ministry had proposed to give additional charge to Anjan Dey,CMD of Delhi based Oriental Insurance Company, till the appointment of a new CMD of the Mumbai-based NIA, sources said. The insurance sector regulator IRDAI has sought clarification from the...
New India’s net profit at Rs 493 crore, pays Rs 866 crore of Covid claims in Q3 FY2022

New India’s net profit at Rs 493 crore, pays Rs 866 crore of Covid claims in Q3 FY2022

by AIP Online Bureau | Feb 11, 2022 | Health, Indian News, Non-Life

Atul Sahai, CMD, New India Assurance Atul Sahai, the outgoing CMD of NIA, said,“ The company is focused on pursuing profitable growth and has been performing exceedingly well in recent times. But Covid-Pandemic claims worth Rs 866 crore impacted the bottom line...
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