Bajaj General Insurance has appointed Deepak Reddy as its CEO designate. The appointment enables a planned transition following IRDAI's continuous-tenure limit.Before joining Bajaj General Insurance, Reddy was the chief executive officer of Manappuram Finance.
Bajaj General Insurance has appointed Deepak Reddy as its next managing director and chief executive officer (MD & CEO). He will take charge from April 1, 2027, subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI).The company’s board has approved his appointment as CEO designate from January 1, 2027.
The current MD & CEO, Dr Tapan Singhel, will continue in the role until March 31, 2027, to ensure a smooth transition.The leadership change follows IRDAI’s rule limiting the maximum continuous tenure of managing directors, chief executives and whole-time directors to 15 years.Singhel will remain at the helm until the end of March 2027, after which Reddy will take over the company’s leadership. - Ends