The New India Assurance Company Limited has informed the Exchange regarding Cessation of Ms Mukta Sharma as General Manager & Chief Underwriting Officer of the company w.e.f. April 30, 2025.
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The New India Assurance Company Limited has informed the stock exchanges that Ms. Mukta Sharma has ceased to be the General Manager & Chief Underwriting Officer of the company with effect from the close of office hours on April 30, 2025. The departure is due to her superannuation (retirement). The company is a Government of India undertaking in the general insurance space. The disclosure was made under SEBI's Listing Regulations. The company has not announced a replacement in this filing.
This is a routine retirement event with no negative governance signal. Shareholders should watch for the announcement of a successor, as the Chief Underwriting Officer role is important for an insurance company's risk and pricing decisions.