CHENNAI, Oct 20: Mr Milind Kharat has assumed charge as the Chairman-cum-Managing Director of United India Insurance Company Limited.
Prior to his posting as UII CMD, he was serving as the CMD of Agriculture Insurance Company of India Limited, New Delhi.
Mr Kharat is a Post Graduate in Economics from University of Bombay and a LLB. He is also a fellow of the Insurance Institute of India.
He began his career as a Direct Recruit Officer of 1979 batch of General Insurance Corporation of India and has subsequently held different positions at various levels with diverse profiles including Divisional Manager, Senior Divisional Manager, Regional In charge, among others in New India Assurance Company.
Mr Kharat had two stints of international postings in Fiji Islands and Tokyo, Japan, a release from UII said today.
He had won awards for his excellent performance during his tenure at Fiji as Chief Manager from 1995 to 2001. He held positions as Director of Fiji Reinsurance Corporation and Chairman of Insurance Council of Fiji and made significant contributions in revising Fiji’s Insurance Act, 1998.
He had also served as Executive Member on National Road Safety Council of Fiji.
Mr Kharat was posted as Chief Executive Officer for Japan Operations of New India Assurance Company from 2004 to 2007. He was Executive Committee Member of Foreign Non-Life Insurance Association of Japan and Member of the Finance Committee for Celebration of Indo-Japan Friendship Year 2007.
He had also served United India Insurance as Director and General Manager from 2007 to 2011.
(UNI)
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