StockWatch
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General Insurance
Management Change16 Jun 2026, 07:20 pm

GIC Re Appoints Hitesh Rameshchandra Joshi as CMD

AI Summary

General Insurance Corporation of India (GIC Re) has announced the appointment of Shri Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD). The appointment, approved by the Central Government, is effective from June 16, 2026, until his superannuation on September 30, 2028, or until further orders. Shri Joshi, currently an Executive Director at GIC Re, brings extensive experience across various functions including reinsurance, finance, risk management, and international business operations. He is not related to any existing directors and is not debarred from holding office.

Key Highlights

  • Hitesh Rameshchandra Joshi appointed as Chairman-cum-Managing Director (CMD).
  • Appointment effective June 16, 2026, until September 30, 2028.
  • Shri Joshi has diverse experience in reinsurance, finance, and risk management.
  • Appointment approved by the Central Government.
  • No conflict of interest or disqualification noted for the appointee.