BENGALURU: With A V Girijakumar set to retire as chairman and managing director (CMD) of Oriental Insurane Firm this Could 30, the Banks Boards Bureau has introduced that Rajeswari S N will turn out to be the brand new CMD.
Rajeswari is a 1983 batch officer from United India Insurance coverage, who’s at present the GM and CFO of New India Assurance in Mumbai. She may turn out to be the CMD of the merged entity being the youngest among the many three heads of the PSUs, stated sources.
Sources stated, Nationwide Insurance coverage Co CMD Tajinder Mukherjee is ready to retire on June 21, 2021. And United India Insurance coverage Co CMD Girish Radhakrishnan may also be retiring in early 2021. Retirements – which can depart Rajeswari heading the merged entity of the three PSUs – United, Nationwide and Oriental if the merger takes place within the subsequent two years.
She additionally joins the powerhouse of ladies leaders within the insurance coverage trade which at present consists of names like Nationwide’s Tajinder, IFFCO Tokio CEO Anamika Roy Rashtrawar, Edelweiss Normal Insurance coverage CEO Shanai Ghosh,
HDFC Life Insurance coverage CEO Vibha Padalkar and IndiaFirst Life Insurance coverage CEO R M Vishakha.
In IRDAI, on the second rung of command after the chairman Subash Chandra Khuntia is IRDAI member non-life T L Alamelu, who was earlier the pinnacle of Agriculture Insurance coverage Co of India (AIC). Prior to now, GIC Re additionally had a lady chief in former CMD Alice G Vaidyan.