Swiss Re has named Hadi Riachi as the CEO of Swiss Reinsurance Company Ltd., India branch, effective 1 April 2020, subject to regulatory approvals. He is succeeding G. Satish Raju, who has decided to pursue career opportunities outside Swiss Re.
Hadi Riachi will be based in Mumbai and will be driving growth across Swiss Re's Property & Casualty (P&C) and Life & Health (L&H) business lines in India. In addition, he will also strengthen the company's engagement with its government partners.
Victor Kuk, Head of P&C Solutions, Southeast Asia, India, Korea, Hong Kong, and Taiwan, stated, “We believe that Asia will drive 50% of Swiss Re's growth in this decade and part of that growth lies in our ability to capture the opportunities in high-growth markets, which includes India. With Hadi on-board, we have a leader with a wealth of experience in the P&C business and a proven track-record in realizing the potential and opportunities in a high growth market environment, which will be instrumental to our growth plans in India.”
Hadi Riachi joined Swiss Re in 2015 as Head of Property & Specialties for Corporate Solutions in Shanghai, China, where he covered a wide range of P&C lines. Most recently, he was Head of North Africa, where he successfully grew the portfolio across P&C and L&H business lines while strengthening the public sector solutions footprint in the market.
G. Satish Raju moves from Swiss Re after 19 years, wherein he established good engagement with clients and government partners, deepening the reinsurer’s presence in India. Hadi has his work cut out as he will be responsible for further strengthening the company’s presence, which is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer.