Universal Sompo General Insurance Co. Ltd. announced that Rajiv Kumar has been appointed as its Managing Director & CEO effective October 6, 2016. Universal Sompo General Insurance Company is India’s first Public-Private non-life general insurance company. The company is a joint venture of Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments Corporation and Sompo Japan Nipponkoa Insurance.
Rajiv will be responsible for the overall business operations of Universal Sompo General Insurance and will strive towards deepening & strengthening the market share and introduce innovative risk solutions across Retail and Corporate offerings. As on March 31, 2016, Universal Sompo has 113 branches and employs an army of 872 employees across India.
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