Management Change11 Sept 2026, 12:12 pm
New India Assurance: S Sivasankar Appointed Additional Charge CMD
AI Summary
The New India Assurance Company Ltd announced that the Ministry of Finance has assigned additional charge of Chairman-cum-Managing Director (CMD) to Mr. S Sivasankar, Executive Director. This appointment is effective from August 1, 2026, for an initial period of 3 months or until a regular CMD is appointed. Mr. Sivasankar, a Fellow of the Insurance Institute of India with 33 years of experience in the insurance sector, joined the company's board as an Executive Director on February 20, 2026. He is not related to any other director on the board and is not debarred from holding the office of director by any authority.
Key Highlights
- Mr. S Sivasankar appointed as Additional Charge CMD.
- Appointment effective from August 1, 2026, for 3 months.
- Mr. Sivasankar has 33 years of experience in the insurance industry.
- He joined the board as Executive Director on February 20, 2026.
- No relation to other directors; not debarred from office.
Price Impact
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