Insurance News

Future Generali India Life Insurance appoints Alok Rungta as managing director & CEO


Future Generali India Life Insurance on Friday announced the elevation of Alok Rungta to the position of managing director and CEO effective April 1, subject to receipt of necessary regulatory approvals.

Rungta – currently serving as deputy CEO and CFO of the insurance joint venture between Italian insurance company Generali Group, and Kishor-Biyani-founded Future Group – will take over from Bruce De Broize who will continue to be the MD and CEO until March 31.

“Alok’s appointment as MD & CEO marks a significant moment for Future Generali India Life Insurance. His leadership skills and deep understanding of diverse markets positions him well to steer the company towards continued growth,” Jaime Anchustegui Melgarejo, CEO international at Generali, said in a statement.

With an extensive background spanning over two decades in the insurance industry’s diverse markets, Rungta has earlier held executive positions at prominent insurance companies in the Philippines, Hong Kong and India.

“I’m committed to continuing the good work of my predecessors, focusing on steady growth and creating a difference. Leading in the dynamic Indian market, my goal is to bring new ideas, expand our reach, and ensure we add value to the lives of our customers and stakeholders,” Rungta said.

Rob Leonardi, regional officer international – Asia at Generali, said: “We express our sincere gratitude to Bruce for his exceptional leadership and invaluable contributions made to Future Generali India Life Insurance. We now welcome Alok as our new MD & CEO for the company. His proven track record of driving growth and profitability, coupled with a strategic vision for the Indian market, aligns seamlessly with our commitment to delivering innovative insurance solutions.”


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