PRESTIGE Appoints Mr G. Srinivasan as Board Chairman

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Monday, May 25, 2015 4.07PM/NSE

Prestige Assurance Plc (“Prestige or the Company”) has notified The Nigerian Stock Exchange of the resignation of three of its directors from the Board of the company namely:

1. Chief C.S. Sankey (resigned as Chairman)

2. Mr. J.O. Adewole

3. Mr. R. Hathiramani

The Company has announced the appointment of Mr. G. Srinivasan as the Chairman and Mr. Chandranat Kale as Executive Director respectively.

Mr. G. Srinivasan

Mr. G. Srinivasan has a Bachelor of Science degree in Commerce (B.Com) and is an Associate of Institute of Cost Accountants of India (ACMA) and Fellow of Insurance Institute of India (FIII).

Mr. G. Srinivasan has 35 years of experience in General Insurance Industry at various places in India and abroad, both at operations and corporate management level. He was the Managing Director of New India Assurance Co. Ltd (Trinidad & Tobago) in the Caribbean (2001-2005). He also served as the General Manager at New India Assurance (2005-2007) and CMD of United India Insurance Co. Ltd from 2007 - 2012.

Mr. Srinivasan is currently the Chairman and Managing Director of New India Assurance Co Ltd.

Mr. Chandrakant Rajaram Kale
Mr. Chandrakant Rajaram Kale holds a B.A., MPM, DLW, LLM (Corporate Laws) and is a Fellow of the Insurance Institute of India and an Associate of the Chartered Insurance Institute of Nigeria.

He was seconded from New India Assurance Co. Ltd to Prestige Assurance Plc and has 24 years of experience in general insurance industry in India and 5 years general insurance industry in Nigeria including underwriting, legal, marketing, claims, administration and risk management. He was the General Manager Risks Control prior to his appointment on the Board of Prestige.

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