Mrs. Alice G. Vaidyan

Smt. Alice G. Vaidyan
Non-Executive Director (Chairperson)

Mrs. Alice G. Vaidyan has assumed charge of Chairman cum Managing Director of General Insurance Corporation of India (GIC Re) on 25th January, 2016. Prior to her present posting, she was General Manager and CFO of GIC Re from October 2012 till 24th January, 2016 when she was elevated as CMD of GIC Re.

Mrs. Alice G. Vaidyan, a Post Graduate in English literature and Fellow of the Insurance Institute of India is a Direct Recruit Officer of the 1983 batch of General Insurance Industry. She began her career with the public sector general insurer, The New India Assurance Company Limited.

Over the years, she worked in Thiruvananthapuram, Ahmedabad, Kochi and Mumbai Offices of the Company, including the Corporate Office of The New India Assurance Company Limited in various capacities. She moved to GIC Re in 2008 as Deputy General Manager (Reinsurance).

Mrs. Vaidyan has won several national and international awards. She is a speaker of repute in national and international conferences. She won the Lloyds List Marine Insurance Award in 2007 for The New India Assurance Company Limited for best marine insurer. Also with Mrs. Vaidyan at the helm of the Marine portfolio, GIC Re won the Marine Insurance Award in the Seatrade Middle East & Indian Subcontinent Awards for 2011 and 2012.

 

G Srinivasan

Shri G. Srinivasan (B.Com, FIII, ACMA)
Non-Executive Director

Mr. G. Srinivasan has taken charge as Chairman cum Managing Director of The New India Assurance Company Limited from 18th October 2012.

Prior to his appointment as CMD of New India, he was the CMD of United India Insurance Company Ltd. He served as Managing Director of The New India Assurance Company (TNT) Ltd., Trinidad and Tobago and General Manger for The New India Assurance Company Ltd. He has over 36 years of experience in the Insurance Industry. He has been a Director of General Insurance Corporation of India since July 28, 2010. He is a Director of New India Assurance Company (Trinidad and Tobago) Ltd., Prestige Assurance Plc, Nigeria and India International Insurance Plc, Singapore.

 

Shri K.Sanath KumarShri K. Sanath Kumar
Non-Executive Director

Shri K. Sanath Kumar has assumed charge as Chairman cum Managing Director of National Insurance Company Limited on 18th February, 2016. Shri K. Sanath Kumar was earlier posted as General Manager & Director of GIC Re with the additional charge as Officiating CMD.

He is a Zoology Graduate. Shri K. Sanath Kumar began his career as Direct Recruit Officer of the 1979 batch of General Insurance Officers. He had his first posting at United India Insurance Company Ltd., Ernakulam Office. He was promoted as General Manager in 2008 in United India Insurance Company Limited and in 2010, he was moved to New India Assurance Company Limited at Mumbai where he was in charge of IT structure, Business Re-Engineering, E-Commerce and Alternative business channel, Large Corporate & Brokers & Indian and International Business development. In September 2012, he was nominated to the Board of Directors of New India Assurance Company Limited.

He has also been a Member of High Level Claims Committee in New India Assurance and was in the Broker’s Committee of IRDA.

MR. Y. RAMALU

Shri A. V. Girija Kumar
Non-Executive Director

Shri A. V. Girija Kumar, MBA, AII, is appointed as Non-Executive Director of The Oriental Insurance Company Ltd. w.e.f. 31st May, 2017. Prior to this, he was Director & General Manager and also Officiating CMD of National Insurance Company Ltd. and United India Insurance Company Ltd.

Shri A. V. Girija Kumar joined New India Assurance Company as a Direct Recruit Officer in 1980 and served in various parts of the Country including a stint in Saudi Insurance. Shri Girija Kumar is having more than three decades of rich and vast experience in the Non – Life Insurance Industry. He has also served in the Board of ITC Limited from 19th March, 2010 to 23rd July, 2016.

 

SHRI M. N. Sarma

SHRI M. N. Sarma 
Non-Executive Director

Shri M. N. Sarma, a post graduate in Economics and LLB, joined the Insurance Industry in 1982 in New India as a Direct Recruit Officer. He is an Associate from Insurance Institute of India.

Shri M. N. Sarma has worked in various capacities in the insurance industry pan India and had two foreign stints. He worked as Resident Manager at Curacao Netherlands Antilles (Dutch Carribbean) and also as MD & CEO of Kenindia Assurance Co. Ltd., a Company jointly owned by LIC, GIC and four non-life insurance companies, jointly owned Government of India. He was also MD & CEO of HITPA between February 2015 and December 2016.

He joined United India during June 2017 as Director & General Manager and has been presently appointed as CMD of United India since September 2017.

 

MR. Y. RAMALU

Shri Y. Ramulu 
Non-Executive Director

Shri Y. Ramulu, General Manager of GIC Re, is a Post-Graduate in Communications & Journalism from Osmania University and also an Associate of the Insurance Institute of India. He has also got a Certificate Course in PMS. Shri Y. Ramulu, is a Direct Recruit Officer of the 1983 batch, joined Non-Life Insurance Industry after completing his MBA. After induction at New India Training College, Mumbai, he joined GIC Re, Head Office, Mumbai in April, 1984 and worked in Reinsurance Accounts and HR Department in various capacities for 9 years.

In the year, 2002 on promotion as Manager (Scale-V), he was posted at Oriental Insurance Company Ltd., Head Office, New Delhi, and handled the Motor Technical, Vigilance & HR Departments up to the year 2005. He joined GIC Re, Head Office, Mumbai again as DGM in August, 2008 and entrusted with HR, Office Services Group and Co-ordination Departments and Motor Pool up to the year 2012 and subsequently, was allotted the portfolios of Motor Reinsurance, Motor Pool & Life Re Departments, NAT CAT Pool and Nuclear Pool and handled the same upto May, 2014. He has been elevated to the cadre of General Manager in the month of May, 2014.

 

V RamasamyShri V. Ramasamy
Independent Director

Chartered Accountant by Profession, joined United India Insurance Co. Ltd as a Direct Recruit Officer in the year 1975. During his tenure, he had worked in various capacities and in 2005, he was promoted to the cadre of Chairman cum Managing Director.

He joined National Insurance Co. Ltd as Chairman cum Managing Director from October 2005 to May 2009. After his retirement, he was appointed as Insurance Ombudsman Tamilnadu for Three Years from August 2009.

 

Shri Kamlesh Shivji Vikamsey
Independent Director

B. Com from the University of Mumbai, Chartered Accountant has 30 years of Experience in Accounting & Finance, Taxation and Corporate Advisory Services. He is Member of Audit Advisory Committee of United Nations Development Programme (UNDP), New York and also the Member of Appellate Authority of the Institute of Chartered Accountants of India (ICAI). He was elected as the President of ICAI during 2005-06 and also as Vice President of ICAI during 2004-05. He has been an elected Member of the Central Council of the ICAI from 1998 to 2007. Thereafter he has been the President of Confederation of Asian & Pacific Accountants (CAPA) during 2007-09 and was Deputy President of CAPA during 2005-07. He was a Board Member of the International Federation of Accountants from 2005-08. He has been associated with M/s Khimji Kunverji & Co. as a Senior Partner since 1982. He has served as a Member of various advisory and expert committees at National and International Levels, including as a Member of the Steering Committee for comprehensive review of Governance and Oversight within the United Nations.

 

Smt. Mona Bhide:
Independent Director

B. Com, LL.B. from University of Mumbai, LL.M. from Northwestern University, School of Law, Chicago is a Managing Partner of Dave & Girish & Co., a Law Firm focusing on International Finance and Corporate Laws. She is also Advisor to various Banks and Financial Institutions.

She is the Member of Bar Council of Maharashtra and Goa, Bombay Bar Association, International Swaps and Derivatives Association, International Bar Association, New York State Bar Association, Inter Pacific Bar Association and Asia Pacific Loan Market Association.

She had worked with American Bar Foundation in the field of Investment Banking, conflicts and globalization of the legal profession and also worked with International Law Firm, Sedwick, Deetert Moran and Arnold.

She is one of the highly recommended lawyers for Project Finance & Corporate, Mergers & Acquisitions transactions, restructuring and insolvency practitioner and corporate transactions practitioner in India in Global Counsel 3000.

She has been ranked as a Leading Individual in Banking & Finance, Corporate, Mergers & Acquisitions and Dispute Resolution by Legal 500 and as Leading Lawyer by Asia law Profiles.

 

Shri B. Chakrabarti
Independent Director

Chartered Accountant by Profession, is the ex CMD of National Insurance Company Ltd. and The New India Assurance Company Ltd. He joined the General Insurance industry in 1974 as a direct recruit of the first batch of Specialist Officers. He began his career with United India Insurance Company Limited in Chennai. During his stay in the Indian General Insurance Industry, Shri B. Chakrabarti served on various committees. He was also Chairman of GIPSA and Member of the Governing Board of National Insurance Academy, Pune.

 

Shri A. V.  Muralidharan
Independent Director

 Chartered Accountant & Company Secretary by Profession, is the ex CMD of Export Credit Guarantee Commission of India (ECGC) and retired in February 2011. He worked as DGM in the National Insurance Company Ltd. and was also Director & General Manager in The New India Assurance Company Ltd., before taking over as CMD of ECGC. He was also member of National Insurance Academy, General Insurance Business Council of India, IRDA Insurance Investment Sub Committee and Board of Trade (India).

 

 

M K GargShri M. K. Garg
Independent Director

Chartered Accountant by profession and a fellow of the Insurance Institute of India, is the ex CMD of United India Insurance Company Limited. He joined the General Insurance Industry in 1976 and possesses a rich experience of more than three decades. He joined The New India Assurance Company Ltd. in the cadre of Assistant Administrative Officer. He was also Member of Vision 2000 Core Group founded by the General Insurance Corporation of India and submitted recommendations for Insurance Sector reforms. He has also been a Director in Kenindia Assurance (Kenya) and Prestige Assurance (Nigeria).

 

 

Shri N.S.R.Chandra PrasadShri N. S. R. Chandra Prasad
Independent Director

Shri N. S. R. Chandra Prasad, a Commerce Graduate and Fellow of Insurance Institute of India, is the ex CMD of National Insurance Company Ltd. He is a Direct Recruit Officer of1978 batch (12 months training from June 1978 – June 1979 in GIC Re). After his induction training in GIC Re, he joined New India Assurance Company where he served various Departments in different capacities. Shri N. S. R. Chandra Prasad was appointed as Managing Director & CEO of Prestige Assurance PLC, Lagos from June 2002 to March, 2006.

Shri N. S. R. Chandra Prasad possess 36 years of rich experience of service in non-life insurance sector where he held number of key positions in Marketing operations, Technical, Reinsurance, Customer Redressal, Personnel & Training both in India and Overseas.

 

 

M K GargShri S. Gopakumar 
Managing Director & CEO 

Shri S. Gopakumar, aged 57 years is a Commerce Graduate. Shri S. Gopakumar is a Direct Recruit Officer of the 1980 specialist batch and had his first posting at National Insurance Company Ltd. He has worked in various Offices of National Insurance Company Ltd. in different positions like Divisional Accountant, Regional Accountant, HR Manager, Divisional Manager, Chief Manager at Head Office, Regional Manager (Marketing) and Regional-in-charge.

Prior to his present posting, he was Secretary General of Governing Body of Insurance Council from 1 st June, 2016. Shri S. Gopakumar was promoted as General Manager in August, 2015 and posted at the Corporate Office, The Oriental Insurance Company Ltd. where he was in charge of Departments like Motor (Claims), Publicity, CSD, Motor TP Claims and Legal (Motor).

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