ITI Reinsurance Limited (ITI Re) is the ‘First Private Sector Reinsurance Company in India’ and the first one to be wholly promoted by Indian Entrepreneurs. ITI Re is aiming to service the Direct Insurance Markets in India and overseas territories. ITI Re is promoted by Fortune Financial Services (India) Limited (FFSIL) which in turn is promoted by Mr. Sudhir Valia. The company aims to play a catalytic role in the Indian and International Insurance markets to help Insurers in their efforts for providing stable and affordable risk transfer solutions to their policy holders. ITI Re will partner with Primary Insurers to enhance their extent and reach of Insurance services.
It will also contribute to the socio economic well-being of the populations in emerging markets by helping reduce the protection gap; this will be achieved through actively deploying research and analytics and to complement innovative efforts of primary markets.
Mr. Sudhir Valia, a member of the Board of Director of ITI Re, is recognized as an authority in financial industry and structuring transactions due to his rich and valuable experience in India and abroad. He is promoter of the Fortune group of companies and ITI Re and has wide interests in financial services industry.
Mr. Chintan Valia, a member of the Board of Directors of ITI Re, is a Commerce graduate from Mumbai University, a member of the Institute of Chartered Accountants of India and has done Post Graduate Management Program from IIM Bangalore. He is now pursuing Chartered Financial Analyst Programme. He is responsible for developing and introducing a new business channel of vehicle finance and has shown tremendous growth.
Mr. Ganesh S. Ganesh, a member of the Board of Directors of ITI Re, is C.A. who has been in the investment banking business since 1984. He has worked with Sharp & Tannan, 20th Century Finance Corporation Limited, Infrastructure Leasing and Financial Services Limited and Ind Global Financial Trust Limited. He has been responsible in promoting Inga in 1999 & developing it into a boutique investment bank.
Ms. Usha Kadam is the woman director in the Board of ITI Re. She is a member of the Institute of Chartered Accountants of India and Institute of Company Secretaries of India and also has done Law graduation & DISA. She has been in to practice since 1997 and has experience of about two decades in the fields of Audit and taxation.
Mr. Pankaj Bhuta, an Additional Director (Non Executive Director) of ITI Re, is a member of Institute of Chartered Accountants of India. He is a Proprietor of P. R. Bhuta & Co Chartered Accountants. He has the experience of more than thirty five years in Foreign Exchange Regulations, Corporate Valuation, Direct Taxation, International Taxation (including Transfer Pricing), Audit and Assurance.
Mr. R. Raghavan, the Chief Operating Officer of ITI Re, has an overall experience of 35 years in Insurance and Reinsurance Industry. Prior to joining ITI Re, he was the founder CEO of Insurance Information Bureau of India. He is a Fellow of Insurance Institute of India (FIII) and also a Chartered Insurer from CII, UK.
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