Rakesh Jain a new CEO of Reliance General Insurance

Scoop News October 21, 2011

Chandigarh/Jammu, October 21 (Scoop News) –The Board of Directors of Reliance General Insurance, a part of Reliance Capital, today announced the appointment of Rakesh Jain as the new CEO and Executive Director of the company, subject to IRDA approval.

According to Rupesh K Singh,SLEAC Operations & Corporate Communications,Reliance Communications, that Jain succeeds Vijay Pawar, Executive Director and CEO, Reliance General Insurance.

“ Pawar has been instrumental in building the company in challenging times. He will continue to provide inputs and guide the company as a Non executive Director on the Board of the company. We are happy to announce the appointment of Rakesh Jain as the new CEO and ED with immediate effect and look forward to his leadership in turning around operations,” said Sam Ghosh, CEO, Reliance Capital.

Rakesh Jain, age 41 years, joins Reliance General Insurance from ICICI Lombard and brings with him over 17 years of industry experience. A chartered accountant and a cost accountant by qualification, Jain has played various leadership roles across Operations, IT, Claims management, Reinsurance, Corporate Business and the Broking channel, during his stint with ICICI Lombard. He has won several internal & external accolades including the coveted CFO of the year (2009) in financial services by the Institute of Chartered Accounts of India.