Mr. S. S Gopalarathnam, President – Operations, has been appointed as the new Managing Director of Cholamandalam MS General Insurance Company Ltd with effect from 1st April 2008. Prior to his current role as President – Operations, Mr. Gopalarathnam was the CFO and VP Finance ever since the inception of the company in 2001. He has overseen a wide variety of functions like Business Development, Underwriting, Reinsurance, Finance & Investments and Operations & CRM within the company.
“I am very excited about this opportunity to grow the business at a time of stiff price-led competition in the de-tariff era and will be targeting a Top line of Rs. 1000 crore and a market share of 3% in 2008-09,” said Mr. Gopalarathnam.
Mr. Gopalarathnam has been with the Murugappa Group for nearly 29 years. He has rich and varied experience and has held senior positions in Finance, Exports, Strategy & Corporate Planning,and “Business Heading” functions across various group companies like T.I Cycles, T.I Miller and Tube Products of India.
Mr. Gopalarathnam succeeds Mr. Anandan M who retired as the Managing Director of Chola MS on 31st March 2008.
The company offers Fire, Engineering, Motor, Health, Liability, Marine, Travel and Rural insurance for individuals, SME’s and Corporates.
About Cholamandalam MS General Insurance Company (Chola MS)
Cholamandalam MS General Insurance Company Ltd. is a Joint Venture between the Murugappa Group, and Mitsui Sumitomo Insurance Group of Japan. Cholamandalam MS offers a wide range of products that include Accident, Engineering, Health, Liability, Marine, Motor, and Property, Travel and Rural insurance for individuals, SME and corporate.
About the Murugappa Group
Headquartered in Chennai, the USD 2 billion (Rs.8500 crore) Murugappa Group is India’s leading business conglomerate. Market leaders in diverse areas of business including engineering, abrasives, finance, general insurance, sanitary-ware, cycles, sugar, farm inputs, fertilizers, plantations, bio-products and nutraceuticals, its 29 registered companies have manufacturing facilities spread across 14 states in India. The organization fosters an environment of professionalism and has a workforce of over 30,000 employees.
The Group has forged strong joint venture alliances with leading international companies like Roca, Cargill, DBS Bank, Mitsui Sumitomo and Groupe Chimique Tunisien and has consolidated its status as one of the fastest growing diversified business houses in India
About Mitsui Sumitomo Insurance Company (MSI)
Mitsui Sumitomo is the second largest Insurance Group in Japan, with a Net Written Premium (NWP) of 12.65 billion USD in 2007. The Company has 729 sales bases, 257 claims handling offices and about 59000 agents throughout Japan. MS also offers its services globally with 52 sales bases in 38 countries and regions overseas. Mitsui Sumitomo Insurance Co. Ltd. was awarded the “General Insurance Company of the Year” Award in 2005 at the 9th Asia Insurance Industry Award ceremony held in Singapore. This has been awarded to MSI for being the most active non-life insurance company and for reaching the top of the foreign non-life insurers in the region.
No comments:
Post a Comment