Management Change23 Oct 2026, 03:17 pm
Bajaj General Insurance Appoints Deepak Reddy as CEO Designate
AI Summary
Bajaj Finserv's unlisted material subsidiary, Bajaj General Insurance Ltd. (formerly Bajaj Allianz General Insurance Company Limited), has announced the appointment of Deepak Reddy as CEO Designate, effective January 1, 2027. Subject to IRDAI approval, Reddy will assume the role of MD & CEO on April 1, 2027. Dr. Tapan Singhel will continue to lead the company until March 31, 2027, ensuring a smooth leadership transition. This change aligns with IRDAI's regulations on maximum continuous tenure for senior leadership. Deepak Reddy brings over three decades of financial services experience, including significant roles within the Bajaj Group.
Key Highlights
- Deepak Reddy appointed CEO Designate of Bajaj General Insurance.
- Reddy to take over as MD & CEO from April 1, 2027, pending IRDAI approval.
- Dr. Tapan Singhel to continue as MD & CEO until March 31, 2027.
- Leadership transition follows IRDAI's tenure regulations.
- Reddy has extensive experience in financial services and the Bajaj Group.
Price Impact
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