Ramaswamy N is the New Chairman and Managing Director of GIC Re

Mumbai, Oct 04 General Insurance Corporation of India (GIC Re) is pleased to announce the appointment of Mr. Ramaswamy N as its new Chairman and Managing Director (CMD), effective from October 1, 2023. This appointment follows the decision by the Ministry of Finance, Government of India.

Ramaswamy, a distinguished veteran in the insurance industry, brings with him a rich and diverse experience of over three decades at GIC Re. His journey within the organization has been marked by remarkable achievements and a profound impact on various aspects of the reinsurance sector.

Ramaswamy expressed his enthusiasm by saying, "I am deeply honored and humbled by the trust and confidence that the Ministry of Finance and the Board of GIC Re have placed in me by appointing me as the Chairman and Managing Director of this esteemed organization. GIC Re has a rich legacy of serving the insurance and reinsurance needs of our nation and beyond. I am excited to lead this talented and dedicated team into the future, where we will continue to innovate, collaborate, and drive excellence in the insurance industry. Together, we will uphold GIC Re's tradition of reliability and build on its reputation as a global leader in reinsurance. I look forward to working closely with all stakeholders to achieve our vision and contribute to the growth and resilience of the insurance sector."

The entire GIC Re family extends its warmest congratulations to Mr. Ramaswamy N on this prestigious appointment.