Three PSU insurance firms get new CMDs

The Central government has effected a top-level reshuffle among the CMDs of public sector insurance companies

Written by ENS Economic Bureau | Mumbai | Published: October 12, 2012 12:32:06 am

The Central government has effected a top-level reshuffle among the CMDs of public sector insurance companies on Thursday. G Srinivasan,CMD,United India Insurance who has been at the helm of the company for the last four years has been shifted to head the largest general insurance company — New India Assurance.

Srinivasan belongs to New India Assurance and is the senior most CMD among the heads of state-owned general insurers.

Miland Khrat,acting CMD of Agriculture Insurance Company (AIC),will succeed Srinivasan at United India Assurance.

PJ Joseph,general manager,United India Assurance who was earlier shortlisted as a candidate to be promoted to head a general insurer has been posted as the new CMD of AIC.

The government has issued the letters for the new appointments by Thursday evening. It is almost after a year that New India Assurance would function with a full-time chairman and managing director.

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