Alice Vaidyan has been appointed as chair and coping with
director of standard coverage Corp. of India (GIC Re), the national
reinsurer. She is the first lady to be
appointed as chair within the records of Indian insurance enterprise.
Vaidyan formerly become standard manager and CFO at GIC Re,
positions she held seeing that October 2012. she can remain in her new publish
until July 31, 2019.
She started her profession with the general public region
preferred insurer, the new India
warranty Co. Ltd., in 1983. through the years, she labored in
Thiruvananthapuram, Ahmedabad, Kochi
and Mumbai workplaces of the business enterprise, consisting of the corporate
workplace of recent India
warranty organisation restrained in numerous capacities.
Vaidyan is also a director on the board of GIC Bhutan Re
Ltd., a joint task reinsurance business enterprise hooked up with the aid of
GIC Re in Bhutan.
As chair and managing director of GIC Re, Vaidyan also could be the chair of
GIC South Africa Re Ltd., Kenindia coverage Co. Ltd., Kenya,
and GIC Housing Finance company Ltd.
Vaidyan takes over the reins of the reinsurer when the
coverage industry is at a important juncture, GIC Re stated in a statement.
“With remote places reinsurers, together with the Lloyd’s of London, quickly to
set up store right here, the Indian insurance industry [will] witness the
introduction of a new reinsurance ecosystem…,” the enterprise stated.
GIC Re is the 14th largest reinsurer globally with $2.4
billion in annual premiums pronounced in 2014-15. as the handiest reinsurance
employer in India,
the corporation become set up by way of the authorities of India
in 1973.
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