New Delhi: Anjan Dey has been appointed as Chairman and Managing Director (CMD) of Oriental Insurance Company Limited (OICL). According to an order from the Department of Personnel & Training (DoPT), Dey has been appointed as CMD of OICL in place of SN Rajeswari for a period with effect from the date of assumption of charge up to the date of his attaining the age of superannuation (ie November 30, 2023), or until further orders, whichever is earlier.
Dey was recommended for the post of CMD of Oriental Insurance by the Banks Board Bureau (BBB) on January 4. The post of CMD in Oriental Insurance has fallen vacant after Rajeswari, who was appointed in August, was appointed as Member (Distribution) at IRDAI in November 2020. However, Rajeswari is yet to join the insurance regulatory body as the Ministry of Finance wants a new CMD to take charge of the company before she moves to IRDAI.
The Oriental Insurance Company (OICL)
The Oriental Insurance Company Limited is a public sector general insurance company in India. The headquarter of the company is located in New Delhi. It has 31 regional offices and more than 1,800 active branches across the country. The company also has branches in Nepal, Kuwait, and Dubai. The company has recorded a gross premium of Rs 7,282.54 crore in the financial year 2013-2014. For the Financial year 2016-17, the company procured a global premium of Rs 11,100 crore. The company offers more than 170 general insurance products.
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