Royal Sundaram appoints new Chairman

Company Brief

Mumbai, December 10, 2007

Royal Sundaram Alliance Insurance Company Limited has announced the appointment of Mr. P.M. Venkatasubramanian as the Chairman of its Board. Mr Venkatasubramanian has been on the Board of the Company since March 2001. He succeeds the late Mr. G.K. Raman, who was the Chairman of the Company since its inception in October 2000 until his demise in August 2007.

Mr Venkatasubramanian has over four decades experience in India's General Insurance Industry. He started his career with the Madras Motor and General Insurance Company. After the nationalisation of the Insurance Industry, he joined United India Insurance Company in 1972 and worked in various senior positions. He eventually retired as the Managing Director of General Insurance Corporation of India in 1999. Mr Venkatasubramanian took an active interest in academics and was a faculty member in the National Insurance Academy and Insurance Institute of India. Mr.Venkatasubramanian continues to serve on the Boards of several Companies.

Speaking on his appointment, Mr. Venkatasubramanian said: "The General Insurance industry is currently passing through an exciting phase. Tariff abolition is expected to be a catalyst for products and service innovation. Royal Sundaram is recognised in the market as a well-established and reputable player. I look forward to working closely with this team, as Royal Sundaram is poised for the next level of growth".

For further information please contact:

Bina Koshy

PR Pundit

Email: bina.k@prpundit.com