Deepak Reddy, CEO-designate, Bajaj General Insurance
Reddy will be made CEO-designate of the company, effective January 1.He brings over three decades of experience in financial services, having held senior leadership positions at Bajaj Finserv, American Express, Standard Chartered Bank and MIRC Electronics
Pune: Deepak Reddy,President- Rural Businesses, FD & Investments, Bajaj Finance, will succeed Tapan Singhel, as MD & CEO of Bajaj General, Insurance, from 1st April 2027, subject to approval of IRDAI.
Reddy brings over three decades of experience in financial services, having held senior leadership positions at Bajaj Finserv, American Express, Standard Chartered Bank and MIRC Electronics.
During his 17 year association with Bajaj Finserv, he played a key role in building and scaling several businesses and, in his most recent role within the Group, led the Rural, Insurance and Gold Loan businesses at Bajaj Finance.
He was also Bajaj Finserv’s first Group Head of Human Resources, bringing together business leadership and organisational development experience.
Most recently, he served as CEO of CEO of Manappuram Finance.
His extensive experience across financial services, including insurance, coupled with his understanding of the Bajaj Group, positions him well to lead Bajaj General Insurance in its next phase of growth, said a statement from the company.
The Board of Directors of Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited), a material unlisted subsidiary of Bajaj Finserv Limited, approved the appointment of Reddy as CEO Designate of the company, effective January 1, 2027.
He will take charge as MD & CEO on 1st April 2027, subject to approval of IRDAI.
Singhel, who will be completing 15 years as the MD &CEO of the company, will continue as MD & CEO until March 31, 2027, ensuring a seamless transition.
The leadership transition is in line with IRDAI’s maximum continuous tenure of 15 years for Managing Directors, CEOs and Whole-time Directors
Sanjiv Bajaj, Chairman and Managing Director, Bajaj Finserv said, “ Under Tapan’s leadership, the company has earned a reputation for underwriting discipline, innovation, and an unwavering commitment to customers. His legacy is not just a successful business, but a strong institution built to endure. As India’s insurance sector enters its next phase of growth,we welcome Deepak to lead thje company,” he added.