Indian public sector reinsurer General Insurance Corporation of India (GIC Re) has announced that its board of directors has accepted the resignation of V. Balkrishna as chief financial officer (CFO) and key management personnel.
The executive retired under the company’s voluntary retirement plan, according to the announcement.
Deputy Managing Director Rajesh Laheri has been appointed as the company’s new chief financial officer and key executive, effective upon Balkrishna’s departure.
Laheri has been part of GIC Re since April 1998, when he joined the company as a Direct Recruit officer.
During his time with the company, Laheri was involved in a number of functions including the preparation of period-end accounts and property reinsurance.
He spent six years at GIC Re’s London office, where he was responsible for finance, IT and other functions, and is currently responsible for the company’s general ledger and tax departments.
Laheri is also an associate member of the Institute of Chartered Accountants of India, a Final Pass member of the Institute of Company Secretaries of India, a Final Pass member of the Institute of Cost and Works Accountants of India and a fellow member of the Insurance Institute of India.
