GIC Re appoints Alice Vaidyan first female chairman

GIC Re, India’s national reinsurer, yesterday made history by appointing Alice Vaidyan as its first female chairman.

Vaidyan will be the first female chairman in the Indian insurance industry’s history.

Vaidyan, who has been general manager and CFO of GIC Re since October 2012, will hold the role of chairman and managing director of GIC Re until 31 July 2019.

According to a GIC Re representative: “Mrs Alice Vaidyan takes over the reins of the Indian Reinsurer at a crucial juncture when the Indian insurance industry is at a tipping point. With overseas reinsurers including the Lloyd’s of London soon to set up shop here, the Indian insurance industry would witness the creation of a new reinsurance ecosystem in the country.”