I J Jain to head GIC African subsidiary
Bangalore: The General Insurance Corporation of India (GIC) has appointed a new chief executive officer, I J Jain, for its subsidiary company, KenIndia Assurance Company Ltd, operating in the African region. Jain, currently general manager of Oriental Insurance Company, will head the African operations. This is in place of R S Bedi, who has attained superannuation.

KenIndia is head quartered in Nairobi, Kenya. The CEO for KenIndia is normally an appointee from one of the four public sector insurance companies in the country KenIndia was created in 1978 after merger of all the East African operations of all the Indian general and life insurance companies. The company does both general insurance as well life business in the African region and is capitalised at around 300 million Kenyan Shillings (Ksh) or about $3.92 million.
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