Future Generali India Life Insurance appoints Alok Rungta as MD & CEO | Business News – Business Standard

Future Generali India Life Insurance said on Friday that Alok Rungta will be managing director and chief executive officer (MD & CEO) from April 1, 2024, subject to regulatory approvals.

Rungta, a chartered accountant, is currently deputy CEO and chief financial officer (CFO) and brings a “wealth of experience and expertise to his new role,” the company said in a statement. Bruce De Broize will be MD & CEO until March 31.

“Alok’s appointment as MD & CEO marks an important moment for Future Generali India Life Insurance. His leadership qualities and deep knowledge of diverse markets position him well to drive the company towards continued growth. As a group, we have continuously invested in development programs designed to equip our employees with the skills and experience they need to reach their full potential, while nurturing their talent. Alok’s elevation is a true testimony to the success of effective planning,” said Jaime Anchustegui Melgarejo, CEO international at Generali.

Rungta has more than 25 years of experience and prior to becoming CFO at Future Generali, he held leadership positions at insurance companies in the Philippines, Hong Kong and India. He was instrumental in transforming Future Generali India’s customer acquisition, engagement, sales innovation and digital enablement activities.

“As part of Future Generali India Life Insurance, rising to a leadership position is both a privilege and an advancement. I am committed to continuing the good work of my predecessors, focusing on steady growth and making a difference. As a leader in the dynamic Indian market, my aim is to bring new ideas, expand our reach and ensure we add value to the lives of our customers and stakeholders,” said Rungta.aathi

First print: March 01, 2024 | 1:20 PM IST