Surbhi Goel, CEO designate, India Branch, Munich Re

Munich Re, is the largest foreign reinsurance branch(FRB) in the India with over Rs 10,000 crore of premium in FY23-24.It set up its operations in 2017.

Mumbai:

Munich Re, the largest global reinsurer, today announced the appointment of Surbhi Goel as CEO India Branch, effective from October 2024.

Her appointment is subject to regulatory approval. In this role, Surbhi will be responsible for Munich Re’s Property and Casualty reinsurance business in India.

Munich Re, is the largest foreign reinsurance branch(FRB) in the India, with over Rs 10,000 crore of premium in FY23-24.It set up its operations in 2017.

India currently has 11 FRBs.

Surbhi will succeed Hitesh Kotak, who will take on an expanded role overseeing Japan, India, Korea and South-East Asia with effect from 1 July 2024. In her new role, Surbhi will report into Hitesh.

Hitesh Kotak: “Surbhi has a deep understanding of India’s insurance market and is therefore a perfect choice to become CEO India. India is one of Munich Re’s most important growth markets and Surbhi has all capabilities needed to continue to support our clients in their growth journey.”

Surbhi Goel: “I am very much looking forward to the new responsibility of driving Munich Re’s growth in the Indian market. Having the opportunity to work in a dynamic market environment with a highly motivated team in a well-positioned branch is an amazing opportunity.”

Goel will be Munich Re’s first female CEO in India. She has been heading Property & Casualty South-East Asia business since 2022 and prior to this she held senior underwriting, business and reinsurance roles at HDFC Ergo General Insurance since 2008.