Private sector general insurer HDFC ERGO General Insurance announced the appointment of Anuj Tyagi as its new Managing Director (MD) and Chief Executive Officer (CEO), effective July 1, 2024. Tyagi, who has been with the company since 2008 and currently serves as Deputy MD, will succeed Ritesh Kumar, the MD & CEO since 2008. This leadership transition has received all necessary regulatory approvals.
Leadership Transition
Tyagi’s appointment follows a decision approved by the board, marking a significant change in the company’s leadership. Ritesh Kumar will transition to ERGO International, joining its Board of Management as the new Deputy Chief Operating Officer (COO) from October 4, 2024. Kumar will focus on expanding the company’s presence in Asian markets such as China, Thailand, and Singapore, pending administrative approvals and consent from ERGO International’s Supervisory Board.
Board’s Acknowledgment
Keki M Mistry, Chairman of the Board, expressed gratitude for Kumar’s 16 years of leadership, highlighting his transformative impact on the company’s brand and market position. Mistry also conveyed confidence in Tyagi’s capabilities to lead the company, noting his significant contributions over the years in various roles, including reinsurance, underwriting, claims, technology, people functions, and sales channels.
Future Vision
Anuj Tyagi expressed enthusiasm and gratitude for his new role at a pivotal time for the industry and company. He emphasized a future-ready, tech-first approach, aiming to leverage innovation to provide exceptional value to customers and channel partners.
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