Anup Bagchi, executive deirector, ICICI Bank

To ensure a seamless transition, Bagchi has been appointed as ED & Chief Operating Officer of ICICI Pru Life with effect from May 1, 2023 subject to regulatory approval(s).

Mumbai:

ICICI Pru Life Insurance, on Thursday, has appointed Anup Bagchi, executive deirector, ICICI Bank, as the new MD & CEO of the company for five years with effect from June 19.

N. S. Kannan, MD & & CEO, will superannuate from the services of the company on the completion of tenure of his appointment on June 18, 2023.

To ensure a seamless transition, Bagchi has been appointed as the ED & Chief Operating Officer of ICICI Pru Life with effect from May 1, 2023 subject to regulatory approval(s).

Kannan has successfully steered the Company through a variety of challenges including the more recent COVID-19 pandemic challenge to build ICICI Prudential Life as a resilient and well-diversified franchise that can successfully seize and capitalise on emerging opportunities, and has taken the Company forward on the path of doubling its FY2019 value of new business by FY2023 despite these challenges, said the company in its regulatory filing,.