FSIB Selects New Chairpersons and Managing Directors for New India Assurance and United India Insurance
| Category | Details |
|---|---|
| Agency | Financial Services Institutions Bureau (FSIB) |
| Role | Head-hunting agency for public sector banks and insurance firms |
| Selected CMDs | - Girija Subramanian (New India Assurance) |
| - Bhupesh Sushil Rahul (United India Insurance) | |
| Current Role | - Girija Subramanian: Chairperson and MD of Agriculture Insurance Company (AIC) |
| - Bhupesh Sushil Rahul: General Manager at AIC | |
| Selection Process | Virtual interviews conducted over two days |
| Vacant Positions | - United India Insurance: Vacant since February (S Tripathy retired) |
| - New India Assurance: Vacant after April 30 (Neerja Kapur retiring) | |
| Approval Process | Final approval by Appointments Committee of Cabinet (headed by PM Modi) |
| Timeframe for Approval | Expected to take over two months; may be delayed due to elections |
| Executive Directors | Selected for PSU general insurers: |
| - Rashmi Bajpai, Amit Misra (Oriental Insurance Company) | |
| - HJ Joshi, Radhika CS (GIC Re) | |
| - T. Babu Paul, CG Prasad (National Insurance Company) | |
| - Sunita Gupta, PC Gothwal (United India Insurance) | |
| - Dasarathi Singh (AICIL) | |
| Shortlisted Candidates | For CMD positions: |
| - Hitesh Joshi, Jayshree Bala, V Balkrishna, Rekha Solanki, Rahul, Sunita Gupta | |
| First-time Participation | Serving CMD of a PSU entity participated in selection for another PSU insurer |