Our productivity is highest: Purdy
Mohini Bhatnagar with Venkatachari Jagannathan
16 December 2003
Stuart Purdy believes that his company's flexible and niche products are best suited for the Indian consumer.
New Delhi: Aviva Life Insurance India is a joint venture between Dabur group, one of companies in India in the FMCG sector and Aviva, UK's largest insurer.
In accordance with government regulations Aviva holds a 26 percent stake in the venture while Dabur holds a 74 percent share.
Stuart Purdy, managing director, Aviva Life Insurance India, is also a director on the Board of Dabur India. In addition he serves on the recently appointed Ministry of Finance Committee on Bancassurance and is a member of the Board of Governors of Amity School of Insurance and Actuarial Science, New Delhi.
Mr. Purdy has been associated with Aviva since 1985. He has held a number of positions within the UK and International business units of the Group. He was UK's youngest regional manager in CGU Life, responsible for all sales and operational matters in South West of England and Wales. He planned the launch and development of CGU's new life business in the Republic of Ireland, which he launched in March 1998, and which became one of the strongest producing businesses in the Group's European operations. He served as General Manager of this business until February 2000.