Future Generali India Life Insurance has announced the elevation of Alok Rungta to the position of Managing Director and CEO, effective April 1, subject to regulatory approvals. Alok Rungta, currently serving as Deputy CEO and CFO of the insurance joint venture between Generali Group and Future Group, will succeed Bruce De Broize, who will continue as MD and CEO until March 31.
Jaime Anchustegui Melgarejo, CEO of International at Generali, expressed confidence in Alok Rungta's leadership skills and deep understanding of diverse markets, positioning him well to drive the company's continued growth.
With over two decades of experience in the insurance industry across diverse markets, Alok Rungta has previously held executive positions in prominent insurance companies in the Philippines, Hong Kong, and India. He expressed commitment to continuing the company's positive trajectory, focusing on steady growth and creating a difference in the dynamic Indian market.
Rob Leonardi, Regional Officer International – Asia at Generali, expressed gratitude to Bruce for his exceptional leadership and contributions to Future Generali India Life Insurance. Alok Rungta's proven track record in driving growth and profitability, coupled with a strategic vision for the Indian market, aligns with the company's commitment to delivering innovative insurance solutions.
