New India Assurance Insurance Company of India celebrating completion of 100 years

Wednesday, October 2, 2019

New India Assurance, the leading General Insurance Company of India has completed its 100 years of its operations this 2019. A prestigious company from the house of Tatas’, New India Assurance, was incorporated on 23rd July 1919, at the Commercial capital of India, Mumbai. Sir Dorabji Tata was the first founder chairman. The company started its first overseas operation in 1920, opening its first branch in London, thereafter; Branches were started in various countries across the world. New India was under the Tata’s till it was nationalized by Govt of India in 1973. Their first operation in Middle East was from opening of Insurance Agency in 1953, forging a tie-up with Mohd Saleh Behbehani & Co, one of the leading business houses of Kuwait

Commemorating the completion of 100 years, a function was organized in the New India Premises. A specially designed cake was cut by the Senior Most employee of the Company Majeed Ansari, along with Vijay Kapur General Manager, MS Behbehani & Co and Ram Mohan Reddy, Chief Operating Officer of New India Assurance. In his address Ram Mohan Reddy, spoke at length about the formation of the Company and its legacy that has crossed over a century, he informed that today sun never sets at New India Assurance, as the operations are spread to almost every nook and corner of the world, with its operations in over 28 countries. He mentioned that, it was always a pride for the company to tie-up with the Behbehani group as Chief Agents in Kuwait. He congratulated the efforts of all the present and erstwhile staff members for their unstinted support without which this great milestone could not have been achieved. In his address, Vijay Kapur, gave the details of the company’s formation in Kuwait, he mentioned that the Agency was established in 1953 at Kuwait by Late S B Monteiro and Late Mohd Saleh Behbehani. Both the organizations had mutual trust and respect for each other, which was the reason for the Organization to continue over the years and remain as one of the most preferred General Insurance Company in Kuwait.

Four senior staff members, Majeed Ansari, Lourito Fernanan, B. Penchalaiah Naidu and Hafees Jaffer, who had completed over three decades of dedicated service with the organization, were felicitated by Vijay Kapur General Manger and Ram Mohan Reddy, COO.

A befitting felicitation was arranged to Vijay Kapur, GM who has completed many decades of service in the organization.

The function concluded with presentation of mementos to all the staff members followed by high tea.

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