22 February 2016 Insurance

National Insurance appoints ex-GIC Re boss as chairman cum MD

National Insurance Co, the state-owned general insurance company in India, has appointed K Sanath Kumar as chairman cum managing director (MD) until April 30, 2018.

Kumar joins the firm from GIC Re, where he was also acting chairman cum managing director. He has more than 37 years of experience in general insurance industry. Kumar has also served in the boards of United Insurance Co, New India Assurance Co, GIC Housing Finance, Health India TPA, KenindiaInsurance Co, and Nairobi & Prestige Assurance Co, Nigeria.

He also served in the governing board of National Insurance Academy and the academic council of Insurance Institute of India and headed up international operations for New India Assurance Co across 23 countries, when the company expanded into Myanmar & DIFC, Dubai.

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