Rao, with over three decades of exeprience, will succeed Anup Rao in Generali Central Insurance.Rao is an old hand for Generali as he was heading Generali’s earlier non-life joint venture with Kishore Biyani’s Future group.
Mumbai: Italian major Generali has appointed Krishnamoorthy Rao as the new MD and CEO of its Indian general insurance joint venture- Generali Central Insurance.
Rao’s appointment , which is yet to be cleared by the IRDAI, will take effect on 1 April 2026.
Rao, with over three decades of exprience, will succeed Anup Rao in Generali Central Insurance.
Rao is an old hand for Generali as he was heading Generali’s earlier,from 2009 to 2018, non-life joint venture with Kishore Biyani’s Future group, when he built a strong multi-channel distribution network focused on profitable growth in retail and corporate segments.
Later state owned Central Bank India had bought out Future group’s stake in 2025.
The Generali Group now holds a 74% stake in Generali Central Insurance with the Central Bank of India holding the remaining stake, following a 2025 rebranding.
Rao was also heading Generali’s Malaysian joint venture, MPI Generali, as CEO from 2018 to 2022.
Most recently, he served as CEO of Generali’s former Malaysian JV, MPI Generali, from 2018 to 2022, driving significant growth while improving profitability.
Rob Leonardi, Regional Officer Asia at Generali, said: “KM Rao’s return to India marks a strategic milestone for Generali in Asia. With his proven leadership, we will accelerate innovation and growth to shape the future of P&C insurance in this vital market and at a pivotal time for our business.”
Krishnamoorthy Rao, Managing Director and Chief Executive Officer, Generali Central Insurance, said: “I am honoured to lead Generali’s India P&C business into a new era of excellence. By harnessing India’s immense potential, we will pioneer innovative solutions and sustainable growth as we continue to serve as the Lifetime Partner of our customers.”
A Fellow of the Insurance Institute of India with a B. Tech in Production Engineering from the University of Calicut, Krishnamoorthy began his career as a scientist at the Indian Space Research Organisation before advancing through key roles in underwriting, risk management, and leadership at firms like Bajaj Allianz and Tata AIG Risk Management Services.