Reported by: banking|Updated: October 10, 2016
Rajiv Kumar has been appointed new MD and CEO of Universal Sompo General Insurance Co., India’s first public-private non-life general insurance company, which is a joint venture of Allahabad Bank, Indian Overseas Bank, Karnataka Bank, Dabur Investments Corporation and Sompo Japan Nipponkoa Insurance. Rajiv Kumar will be responsible for the overall business operations of Universal Sompo General Insurance and will strive towards deepening and strengthening the market share and introduce innovative risk solutions across retail and corporate offerings. He began his career with United India Insurance in 1990, where he spent close to 12 years and later moved to IFFCO-TOKIO General Insurance where he was heading the commercial corporate branch in New Delhi. He has been with Universal Sompo General Insurance since 2007 and in his last role was head – Corporate Planning, Customer Service, Product Development and Operations.