The Financial Services Institutions Bureau (FSIB) has selected Girija Subramanian as Chairman and Managing Director (CMD) of the New India Assurance Company Ltd (NIACL), while Bhupesh Sushil Rahul will assume the role of CMD at United India Insurance Company Ltd (UIICL).
Girija Subramanian, currently serving as CMD of the Agriculture Insurance Company of India, brings a wealth of experience to her new role. Bhupesh Sushil Rahul, a general manager at the Agriculture Insurance Company of India, has been selected to fill the vacant CMD position at United India Insurance following Satyajit Tripathy’s retirement in February 2024. Neerja Kapur’s tenure at New India Assurance is set to conclude in April 2024.
The selection process considered six general managers for the CMD positions. Alongside Subramanian and Rahul, candidates Hitesh Joshi, Jayshree Bala, V Balkrishna, Sunita Gupta, and Rekha Solanki were evaluated for leadership roles at United India Insurance. The selected candidates’ names will be forwarded to the Department of Financial Services (DFS) and subsequently to the Appointments Committee of the Cabinet (ACC) for final approval.
