The central government on Tuesday transferred Madhulika Bhaskar, general manager, General Insurance Corporation (GIC Re) to state-owned New India Assurance. She will be the acting chairman and managing director (CMD) of New India Assurance, the largest general insurer in the country.
The position of CMD of New India has been lying vacant since former chairman Atul Sahai retired on February 28.
Bhaskar is currently working as general manager, financial advisor and chief of internal audit, with GIC Re. She joined the GIC Re as a direct recruit officer in March 1988. For 25 years of her over 33 years of continuing service