Insurance industry veteran K Sanath Kumar has taken over as acting Chairman-cum-Managing Director of GIC Re, the country's sole reinsurer.
Kumar took over as General Manager and Director of GIC Re on August 1 and is also holding additional charge of Chairman-cum-Managing Director from the same date, the company said today.
The post of CMD has been lying vacant since the retirement of A K Roy on July 31. Kumar will hold the post of acting CMD for three months.
Prior to it, he was General Manager and Director at country's largest non-life insurer New India Assurance.
Kumar is a direct recruit of the 1979 batch of general insurance cadre officers. His first posting was at United India Insurance Company (UIIC), Ernakulam office.
In September 2012, Kumar was nominated to the board of New India Assurance. He has also served on the board of Prestige Assurance PLC of Nigeria.
