StockWatch
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General Insurance
Management Change18 Jun 2026, 06:40 pm

GIC Re Appoints Rajesh Laheri as New CFO, V. Balkrishna Steps Down

AI Summary

General Insurance Corporation of India (GIC Re) has announced a change in its Chief Financial Officer role. Mr. Rajesh Laheri has taken charge as the new CFO and Key Managerial Personnel, effective June 18, 2026. Concurrently, Mr. V. Balkrishna has ceased to be the CFO on the same date but will continue to serve as a General Manager within the Senior Management. Mr. Laheri brings extensive experience from various roles within GIC Re since 1998, including international experience at its London branch. Mr. Balkrishna is retiring voluntarily under the company's VRS scheme.

Key Highlights

  • Rajesh Laheri appointed as new Chief Financial Officer.
  • V. Balkrishna ceases to be CFO, continues as General Manager.
  • Change is effective from June 18, 2026.
  • V. Balkrishna is retiring under the company's VRS scheme.
  • Rajesh Laheri has diverse experience within GIC Re since 1998.