Prestige Assurance Plc announced the resignation of three of its directors from the Board of the company. Chief C. S. Sankey resigned as Chairman, Mr. J. O. Adewole Mr. R. Hathiramani resigned as directors. The company has announced the appointment of Mr. G. Srinivasan as the Chairman and Mr. Chandranat Kale as Executive Director respectively.

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 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.