New India Assurance stock rises 4% on appointment of new CMD

At 10:28 AM, New India Assurance shares were trading at ₹248 apiece on the NSE, which was up 4.2% increase from the previous day.

"In a career spanning over 34 years, she worked in reinsurance departments across various lines of business, the most prominent ones being Aviation, Life, Health and Property classes," NIACL said, adding that she was the CMD of AIC of India before assuming charge as CMD at New India Assurance.

Girija holds a bachelor’s degree in statistics and is a fellow member of the Insurance Institute of India. Apart from that, she is an associate member of the Chartered Insurance Institute, London, underscoring her academic and professional credentials. Before taking over the role in NIACL, she served as the CMD of AIC of India. Her key responsibilities included driving the company’s strategic initiatives and operational efficiencies. She was known for her ability to drive growth and manage complex insurance portfolios.

New India Assurance (NIA) has been a pioneer in the non-life insurance segment for over 40 years. It was founded by Sir Dorabji Tata in 1919 and is headquartered at Mumbai, India. The company's global business crossed $366 million in March 2018.

Shares of New India Assurance Company Limited were trading 3.85% higher at ₹247.04 apiece on the NSE at 12:22 PM.