General Insurance Corporation of India named Ramaswamy N as new chairman and Managing Director (CMD), from October, 2023. This appointment is the result of a decision made by the Ministry of Finance.
Ramaswamy, a prominent veteran of the insurance sector, brings to GIC Re a wealth of broad knowledge spanning over three decades. His tenure at the company has been defined by several accomplishments and a profound impact on various parts of the reinsurance industry.
He began his career with GIC Re as a direct recruit officer in 1988. He has demonstrated consistent passion and loyalty to the organization over the years.
Ramaswamy has taken on the task of handling a wide range of non-life insurance classes, including Fire, Engineering, Miscellaneous, Motor, Liability, Aviation, Marine, and Agriculture, thanks to his extensive knowledge and expertise. His influence has spread to many countries throughout the world.
He has solved challenging challenges inside the non-tariffed portfolio in the ever-changing Indian insurance industry. His ability to give clients with innovative and practical solutions has been critical in both protecting portfolios and delivering capital relief.
He has also served as the CEO of GIC Re in the United Kingdom. During this period, he effectively supervised the activities of the UK branch and was instrumental in the formation of GIC’s Lloyds syndicate (GIC 1947).