The Central government has effected a top-level reshuffle among the CMDs of public sector insurance companies recently. G Srinivasan, CMD, United India Insurance who has been at the helm of the company for the last four years has been shifted to head the largest general insurance company â€” New India Assurance.
Srinivasan belongs to New India Assurance and is the senior most CMD among the heads of state-owned general insurers.
Miland Khrat, acting CMD of Agriculture Insurance Company (AIC), will succeed Srinivasan at United India Assurance.
PJ Joseph, general manager, United India Assurance who was earlier shortlisted as a candidate to be promoted to head a general insurer has been posted as the new CMD of AIC.
The government has issued the letters for the new appointments by Thursday evening. It is almost after a year that New India Assurance would function with a full-time chairman and managing director.