Overview
- Bajaj General Insurance, which announced the change on October 23, 2026, named Deepak Reddy as CEO-designate with the designation effective January 1, 2027.
- The board set April 1, 2027 as the date Reddy will assume the full Managing Director and CEO role, subject to formal approval from the Insurance Regulatory and Development Authority of India (IRDAI).
- Incumbent MD and CEO Tapan Singhel will remain in office through March 31, 2027 to provide a staged handover and maintain operational continuity.
- Reddy brings more than three decades of financial‑services experience, including senior roles at Bajaj Finserv, American Express, Standard Chartered and a past CEO posting at Manappuram Finance.
- The transition is framed as compliance with IRDAI tenure guidance and as a move to preserve the insurer’s underwriting discipline and Bajaj Group strategy, and investors should watch for the regulator’s sign‑off as the next decisive step.