Takayuki Ishida promoted as managing director of Nissan Motor India

Toshihiko Sano promoted as managing director of Renault Nissan Automotive India

Nissan Motor has announced changes to its senior management team in India and in the region. Trevor Mann, currently SVP, manufacturing, supply chain management, production engineering and purchasing for Europe in Nissan International S.A. is appointed SVP global supply chain management (SCM) and operating committee–Africa, Middle East and India (OC-AMI).

Toru Hasegawa, currently president, Nissan Motor Asia Pacific Co Ltd (NMAP) and Nissan Motor (Thailand) Co Ltd and regional vice president, Asia & Oceania Operations is appointed corporate vice president, Africa, Middle East and India (AMI). Mr Hasegawa, who will report to Trevor Mann replaces Gilles Normand who is leaving to take up a senior position with Nissan’s Alliance partner, Renault. Mr Hasegawa joined Nissan in 1981 and has held a number of senior posts within the company. These include managing director of Nissan Middle East where he oversaw an 80% increase in regional sales during 2005-2008.

As CVP for the AMI region, from 1 April 2012 Mr Hasegawa will be in charge of all related consolidated companies within the region and will hold responsibility for overall performance including manufacturing, sales and purchasing functions.

Nissan is also announcing that Takayuki Ishida, currently general manager, India Department at Nissan Motor Co Ltd in Japan will relocate to Chennai to take up the role of managing director, Nissan Motor India Pvt Ltd (NMIPL).

As head of NMIPL, Mr Ishida will be responsible for Nissan’s continued expansion within the high-growth Indian market including product introduction, sales and network development, and will report to Toru Hasegawa.

Kiminobu Tokuyama, who is currently managing director of NMIPL is returning to Japan to take up an executive position with the Yorozu Corporation, which has been one of the leading automobile component suppliers of Nissan and is fast expanding its overseas operations. Toshihiko Sano, currently general manager, vehicle production engineering with Nissan Motor Co Ltd in Japan (NML), is promoted to managing director, Renault Nissan Automotive India Pvt Ltd (RNAIPL). As such, he will relocate to Chennai and assume responsibility for Nissan’s manufacturing operations at the Alliance production facility in Oragadam, reporting to Toru Hasegawa.

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Third party motor insurance claim ratio at 145% for FY’12

The major public and private sector insurance players have been demanding abolition of the third party insurance pool, saying that the arrangement for sharing claims was denting their profits.

Insurance regulator IRDA said motor insurance companies have paid out 45% more than the premium on account of claims under the third party motor pool during the current fiscal.

“... the ultimate loss ratio for motor third party pool for the year 2011-12 as per estimate is 145%,” IRDA said in a circular.

Earlier in December, the Insurance Regulatory and Development Authority (IRDA) had said it will dismantle from 1 April 2012 the four-year-old third party motor insurance pool, which the private insurers said was increasing their losses.

The IRDA had said that the declined pool would be extinguished at the end of every year by transferring the risks at par to members who have not fulfilled their mandatory obligations.

“Declined risk pool shall apply to commercial vehicles for standalone third party liability insurance. No comprehensive/ package motor insurance policy or part thereof shall be ceded to the pool,” IRDA said.

Commercial vehicles denied insurance cover will come under the declined pool, where liabilities will be shared by all general insurance companies. The pool will apply to commercial vehicles for standalone third party liability insurance and not for other insurance claims. The regulator had mandated every insurer to underwrite a minimum percentage of commercial vehicle motor third party insurance. The regulator had earlier said that the existing third party pool would end by 31 March 2012, and experts said it would lead to rise in motor insurance premium.

The pool was formed in early 2007 to ensure availability of third-party cover for commercial vehicles that had been refused third-party insurance.

Third-party insurance cover protects the vehicle owner from any financial liability in case of damage to life or property in an accident to the third person.

The major public and private sector insurance players have been demanding abolition of the third party insurance pool, saying that the arrangement for sharing claims was denting their profits.

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