Govt Appoints Girija Subramanian as CMD of New India Assurance Company

The government has appointed Girija Subramanian as chairman and managing director (CMD) of New India Assurance, the largest general insurer in India. She will hold this position from June 19, 2024, until she attains the age of superannuation or until further orders.

Professional Background

Girija Subramanian holds a bachelor’s degree in statistics and is a fellow member of the Insurance Institute of India. She is also an associate member of the Chartered Insurance Institute, London. Her career began in 1988 as a direct recruit officer at GIC Re, where she worked across various reinsurance departments, including aviation, life, health, and property classes. With over 34 years of experience in the insurance sector, she brings extensive expertise to her new role.

Career Highlights

Before her appointment as CMD of New India Assurance, Subramanian served as CMD of AIC of India from September 2022. Her leadership at AIC of India was marked by significant contributions to the company’s growth and operations. She succeeded Neerja Kapur, who retired in April, leaving the CMD position at New India Assurance vacant.

Appointment Process

Subramanian’s appointment followed an interview conducted by the government’s headhunting organization, FSIB, in March, where she competed with other qualified general managers. Her selection reflects her vast experience and leadership in the insurance industry.