The Financial Services Institutions Bureau(FSIB), the head hunting agency for the players of PSU financial sector services, has selected Girija Subramanian, CMD, Agriculture Insurance Company(AIC) and Bhupesh Sushil Rahul, general manger, AIC as the next CMD of New India Assurance and United India Insurance respectively.

• The FSIB had conducted virtual interviews over two days to choose two CMDs and nine executive directors for across the PSU insurers including GIC Re and AIC.
• The department of financial services (DFS), earlier, had shortlisted Subramanian and six general managers (GMs) across the companies for selection of two CMDs.
• Subramanian is originally from General Insurance Corporation ( batch of 1988) and was appointed as CMD of AIC in Sept 2022 and will get a tenure of over two years in NIA .
• Rahul, who had again joined Crop cell of GIC in 1989, has been all along with AIC through out his career and will be retiring in Apr 2027.