General Insurance Corporation of India announced the appointment of N. Ramaswamy as General Manager of the corporation, with effect from September 30, 2022.
According to the company’s exchange filing, “Pursuant to Regulation 30 of SEBI (LODR) Regulations read with Part A of Schedule III, we wish to inform you that Mr. N. Ramaswamy has taken charge as General Manager of the Corporation w.e.f. 30th September 2022.”
Ramaswamy Narayanan joined GIC as a direct recruit officer in 1988 and ovver the last 30 years, he has handled various functions within GIC.
For the first 16 years, in the Information Technology Dept., he was involved in implementing several IT initiatives in the General Insurance Industry. From 2004, he switched over to the Reinsurance Department. In his association with the reinsurance function, he has handled different classes like Fire, Engineering, Motor, Miscellaneous, Health, Liability, Aviation, Marine Cargo, Marine Hull, Oil & Energy and Agriculture and has also handled different territories around the world.
He also has experience in the then newly created function of CRO & ERM (Chief Risk Office and Enterprise Risk Management), where he was responsible for identifying the enterprise wide risks of the organization and monitoring and mitigating the same.
Prior to this role, he was the CEO for GIC’s London Branch and the Lloyds Syndicate – GIC 1947.
General Insurance Corporation of India Limited abbreviated as GIC Re is a central public sector undertaking under the ownership of Ministry of Finance, Government of India. It was incorporated on 22 November 1972 under Companies Act, 1956. GIC Re has its registered office and headquarters in Mumbai.
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