M. Ramadoss next chairman of New India Assurance
December 29th, 2009 - 8:35 pm ICT by IANSChennai, Dec 29 (IANS) M. Ramadoss, the current chairman and managing director of the Delhi-headquartered Oriental Insurance Co, has been selected to head the country’s leading non-life insurer New India Assurance.
Ramadoss will be succeeded by R.K. Kaul, currently general manager with the Kolkata-based National Insurance.
Both will assume their new offices Wednesday.
The Mumbai-based New India Assurance had been headless for nearly two months, with A.R. Sekar, the company’s general manager, working as its acting chief.
The normal practice is to transfer the senior-most among the chairmen-and-managing directors of the three other public sector general insurers — National Insurance, Oriental Insurance and United India Insurance — as the chief of New India Assurance.
The new postings of Ramadoss and Kaul were long expected but had been delayed for unspecified reasons.
In the first eight months of the current fiscal, the four government-owned general insurers have procured a premium income of Rs.13,128 crore, posting an impressive growth of 11.05 over the corresponding period last year.
- New India Assurance Co. is headless for over two months - Dec 20, 2009
- Wage revision talks Tuesday with insurance unions - Dec 21, 2009
- Non-life insurers post 19 percent growth in April - May 31, 2011
- Public sector insurers to push for a common claims settling agency - Jul 11, 2010
- Expert 'actuaries' who assess insurance risk getting younger - Dec 28, 2010
- Non-life insurers log 27 percent business growth in May - Jun 25, 2011
- New head for insurer's lobby - Nov 14, 2011
- Indian insurers taking stock of Japanese tsunami - Mar 11, 2011
- Insurance fund for road accident victims facing deficit - Dec 11, 2010
- Public non-life insurers' employees to strike - Mar 25, 2010
- State-run general insurers post 10 percent growth - Oct 11, 2009
- PSU general insurance employees upbeat about wage hike - May 06, 2010
- State-run general insurers scout partner for new company - Aug 15, 2010
- Wage talks fail to to break insurance sector stalemate - May 10, 2010
- PSU insurers plan health claims settlement agency - May 03, 2010
Tags: chairmen, chennai, eight months, impressive growth, india insurance, insurance, insurance co, kaul, life insurer, managing director, mumbai, national insurance, new india assurance, oriental insurance, postings, public sector, sector general