General Insurance Corporation of India (GIC Re) announced the departure of Shri Ashwani Kumar from its Board of Directors, effective 31st May 2026. Shri Kumar, who also serves as MD & CEO of UCO Bank, was appointed as a Non-Executive Director by the Ministry of Finance. GIC Re expressed its sincere appreciation for his valuable contributions and guidance during his tenure.
Board Changes at GIC Re
General Insurance Corporation of India (GIC Re) has informed stakeholders about a change in its Board of Directors. Shri Ashwani Kumar, who was appointed as a Non-Executive Director by the Ministry of Finance, has concluded his tenure. His resignation is effective from 31st May 2026.
Director’s Tenure and Appreciation
Shri Ashwani Kumar’s appointment was initially for a period of three years or until the date of his tenure as MD & CEO of UCO Bank, whichever was earlier. The Corporation wishes to formally express its gratitude for the significant contributions and guidance provided by Shri Kumar during his service on the Board.
Notification to Exchanges
This disclosure is made in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The official communication was sent to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on 1st June 2026.
Source: BSE
