Cooperative giant Iffco’s venture Iffco-Tokio General Insurance has appointed Yogesh Lohiya as managing director and chief executive.
Lohiya, who succeeds S Narayanan, will assume the post on Wednesday. Prior to joining Iffco-Tokio, Lohiya was chairman and managing director of General Insurance Corporation of India.
Iffco-Tokio General Insurance is a joint venture between Indian Farmers Fertiliser Co-operative (Iffco) and its associates holding 74 per cent stakes and the largest Japanese insurer Tokio Marine and Nichido Fire, holding 26 per cent stakes.
Iffco-Tokio recently announced huge investment in its operation. The venture has been doing good business and happens to be the only player supported by a cooperative in the insurance sector in the country.