Mark Mitchell, Regional CEO AGCS Asia Pacific, said: “India has long been a key part of AGCS’s regional portfolio, and I look forward to the even closer collaboration with our business partners that this local branch will allow. As a leading global player in the reinsurance industry, the set-up of AGCS India will strengthen the expertise acquired by our previous operations in the India market and help us meet our clients’ continually changing needs.”
As a branch of AGCS SE, the office in Mumbai will benefit from AGCS’s strong financial ratings, and will continue to work closely with the regional office in Singapore. Mr. Chalat Balaraman “CB” Murali (picture on the right) will assume the role of CEO of AGCS India. CB, an Indian national, has over 35 years of property & casualty insurance experience in both international and India markets and was previously the head of Bajaj Allianz’s Global Risks division.
AGCS is currently present in 11 countries and 16 cities in the region, a list that also includes Singapore, Hong Kong, Japan, China, Indonesia, Brunei, Myanmar, South Korea, Australia, and New Zealand. Asia Pacific business contributed 6.3% to AGCS overall global premium volume of EUR 7.4 billion in 2017.