Mr. G Srinivasan, former Chairman cum Managing Director (CMD) of United India Insurance Company Ltd, will now take over as the CMD of New India Assurance. After the suspension of Mr. M Ramadoss in 2011, there was no chairman at New India Assurance for more than a year.
The government finally cleared the appointment process of Mr. Srinivasan as the head of New India Assurance. The government had suspended former chairman of New India, M Ramadoss as there were some serious allegations against him while he was heading Oriental Insurance. The final decision is yet to be taken in this matter and the case is pending with Central Bureau of Investigation (CBI).
In October 2007, Mr. Srinivasan assumed charge as CMD of United India Insurance Company Ltd. He has an experience of over 25 years in the insurance industry. Prior to joining the United India, he was the Managing Director of The New India Insurance Co (TNT) Ltd, Trinidad, and General Manager for New India. Mr. Srinivasan is a Commerce Graduate, Associate of the Institute of Cost & Works Accountants and a Fellow of the Insurance Institute of India.
