Swiss Re veteran Amitabha Ray appointed as CEO of India Branch

Swiss Re, the global reinsurance firm, has appointed Amitabha Ray as the Chief Executive Officer (CEO) of the Swiss Re India Branch, effective April 1st, 2024, subject to regulatory approvals.

Ray will be based in Mumbai and report to Victor Kuk, Head P&C Reinsurance SID. He succeeds Hadi Riachi, who takes on the role of Head of the Global Underwriting Centre for Swiss Re Corporate Solutions.

Kuk commented on the appointment, “We are glad to have found a highly qualified individual to succeed Hadi in leading our India team. With Amit’s expertise and knowledge, we are confident that Swiss Re is well-positioned to strengthen our growth in India.

“We would also like to take the opportunity to thank Hadi, who has led the team since 2020. A valued member of the leadership team in India, he has contributed immensely to building strong client relationships and enhancing our growth in the market. We wish him success in his new role.”

Ray’s remit as CEO will include overseeing operations of the branch and the reinsurer’s property & casualty (P&C) business in India.

Ray has 27 years of experience at the firm, most recently serving as the Head of P&C Client Markets and Chief Underwriting Officer of the Swiss Re India Branch for the last six years.

Previously, Ray held various roles in Zurich, Singapore, Hong Kong, Mumbai and Johannesburg, including treaty underwriting, client management, facultative, and business development. Since 2018, he has led the local team of client managers to drive non-life reinsurance business growth in India.

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