Board appoints new Chief Risk Officer; in-principal approval for temporary office relocation

GIC Re's board met on 9th October 2026 and approved two matters.

Fri 9 Oct 2026

Appointment

Mrs. Prerana Puthran appointed Chief Risk Officer (Key Managerial Person) with effect from 9th October 2026

Predecessor

in place of Ms. Jayashri Balkrishna, Executive Director

Board Meeting Time

3:00 p.m. to 4:30 p.m. (IST) on 9th October 2026

Two decisions from the board meeting held on 9th October 2026

New Chief Risk Officer

• Mrs. Prerana Puthran, Deputy General Manager, has been appointed as Chief Risk Officer, a Key Managerial Person, with effect from 9th October 2026.
• She takes the place of Ms. Jayashri Balkrishna, Executive Director.
• Mrs. Puthran joined GIC Re in 1992 and has been associated with various profiles during her tenure, including Underwriting, Enterprise Risk Management, Claims Vertical, Corporate Communications, Investor Relations and Credit Rating.
• She is a commerce graduate and a Fellow of Insurance Institute of India (FIII).
• At present she holds the post of Deputy General Manager and heads the Enterprise Risk Management Department, CSR and Investment Mid Back.
• The update states she has acquired relevant experience in the Corporation's risk management framework and has been actively involved in risk governance initiatives, risk assessment exercises, monitoring mechanisms and reporting requirements.

Office premises

• The board has accorded its in-principal approval for temporary relocation of the existing office premises.
• The stated purpose is to facilitate internal and external repairs and maintenance of the office premises.
• The update states that further details in this regard will be intimated in due course.

Meeting details

• The board meeting commenced at 3:00 p.m. (IST) and concluded at 4:30 p.m. (IST).

The profile of the incoming Chief Risk Officer

The attached brief profile describes a long tenure within the Corporation since 1992, spanning underwriting, enterprise risk, claims, corporate communications, investor relations and credit rating, and states that she presently heads the Enterprise Risk Management Department, CSR and Investment Mid Back. That background is relevant because the Chief Risk Officer role sits at the centre of how a reinsurer measures, monitors and reports risk across its underwriting and investment activities.

Reading the two announcements

The change in senior management is a specific, effective-dated appointment, with the outgoing Executive Director named and the replacement identified. The office matter is described as an in-principal approval for a temporary relocation, and the update indicates that further details will follow. Taken together, these are organisational and operational items rather than anything that changes the reported financials of the period in which they were announced.

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