Swiss Re has appointed Hadi Riachi as CEO of its India branch, effective April 01 and subject to regulatory approval.
He succeeds G. Satish Raju, who will leave Swiss Re to pursue other opportunities, the company said in a statement. He will be based in Mumbai and will be tasked with driving growth across Swiss Re’s property & casualty (P&C) and life & health (L&H) business lines in India. In addition, he will also work to deepen the company’s engagement with its government partners.
Riachi joined Swiss Re in 2015 as head of property & specialties for corporate solutions in Shanghai, China, where he covered a wide range of P&C lines. Most recently, he was head of North Africa, where he helped grow the portfolio across the P&C and L&H business lines, while strengthening the public sector solutions footprint in the market.
“We believe that Asia will drive 50% of Swiss Re’s growth in this decade and part of that growth lies in our ability to capture the opportunities in high-growth markets, which includes India,” said Victor Kuk, head of P&C solutions, Southeast Asia, India, Korea, Hong Kong and Taiwan. “With Hadi on-board, we have a leader with a wealth of experience in the P&C business and a proven track-record in realising the potential and opportunities in a high growth market environment, which will be instrumental to our growth plans in India.
“On behalf of the company, I would like to personally thank G. Satish Raju for his dedication over the last 19 years,” Kuk added. “During his tenure at Swiss Re, he has established good engagement with clients and government partners, deepening our presence in India.”
