Sanjeev Mantri, MD & CEO- designate, ICICI Lombard General Insurance

`The Board of Directors based on the recommendation of the Board Nomination and Remuneration Committee have approved the appointment of Mantri presently with effect from December 1, 2023 or the date of approval from Insurance Regulatory and Development Authority of India (IRDAI), whichever is later for the period of five consecutive years ” said ICICI Lombard General Insurance

Mumbai:

Sanjeev Mantri,52, one of the executive directors for the last eight years at ICICI Lombard General Insurance, has been appointed as the next managing director and CEO of the company, the second largest general insurer in the country, for five years, to succeed Bhargava Dasgupta.

“The Board of Directors based on the recommendation of the Board Nomination and Remuneration Committee have approved the appointment of Mantri presently with effect from December 1, 2023 or the date of approval from Insurance Regulatory and Development Authority of India (IRDAI), whichever is later for the period of five consecutive years or his date of retirement whichever is earlier, subject to approval of IRDAI and the Members of the Company,” said ICICI Lombard General Insurance.

Mantri, a charted accountant and a cost accountant, had joined ICICI Lombard General insurance eight years back from ICICI Bank and was spearheading the retail business for the company, responsible for the consumer business portfolio across Agency, Bancassurance, Direct and Alternate channels. He was also supervising business strategy, product development,

Earlier, Dasgupta, 57, quit the company seven month in advance, to join Manila based Asian Development Bank(ADB) as vice president.

The Board of Directors of the ICICI Lombard general insurance have noted and taken on record that Dasgupta, post his resignation from the services of the company, would be officiating his current responsibilities as MD and CEO till November 30,said the insurance company.