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Antony Jacob appointed Regional Finance Director Royal & SunAlliance, Asia & Middle East

31 January, 2007

Antony Jacob, currently CEO, Royal Sundaram, India has been appointed as Regional Finance Director - Asia & Middle East, Royal & SunAlliance Insurance Group. In his new overseas appointment, Antony will be based in Dubai and will continue to remain involved with the Indian business as a Non-Executive Director on the Board of Royal Sundaram. His new responsibilities will cover India, China, Hong Kong, Singapore, Malaysia, Bahrain, Saudi Arabia, Egypt, Oman and the UAE.

Commenting on Antony's appointment, G.K. Raman, Chairman, Royal Sundaram Alliance Insurance Company Limited said, "Antony has been associated with Royal Sundaram since its very inception. He fostered the joint venture relationship between Sundaram Finance and Royal & SunAlliance in 2000, and has been working closely with both shareholders in giving shape to Royal Sundaram. Over the last six years, Antony has contributed significantly to the growth of Royal Sundaram." Speaking on his new appointment, Antony Jacob said, "This is an important and challenging assignment. Asia and the Middle-East have emerged as key regions as it houses around 45% of the world''s population and only 2% of the world''s non-life insurance business. This makes Asia and Middle-East the focus area for Emerging Markets. As business gathers momentum at Royal & SunAlliance, I look forward to contributing to accelerating the pace of growth."