GIC Re selects new leader

Mr Devesh Srivastava has been appointed as chairman-cum-managing director of the General Insurance Corporation of India. The appointments committee of cabinet has approved his appointment to the post.

Mr Srivastava began his career with Oriental Insurance Company Limited at Delhi. In 1999 Mr Srivastava’s services were transferred to General Insurance Corporation of India.

He was posted in the reinsurance department and handled all speciality lines of aviation, marine hull and cargo, oil and energy, miscellaneous and liability till he was selected to head the UK branch of the corporation in 2013.

Mr Srivastava is a postgraduate in physics from St Stephen’s College Delhi. He subsequently obtained a post graduate degree in management, majoring in marketing with a gold medal from the Management Development Institute Gurgaon in 2008.\

Source: Asia Insurance review