He takes the reins from Bruce De Broize, who is the MD & CEO until 31 March 2024
Future Generali India Life Insurance, on Friday, said that it has appointed Alok Rungta as managing director and CEO effective 1 April, subject to receipt of necessary regulatory approvals.
Currently, he is serving as the Deputy CEO and CFO, brings a wealth of experience and expertise to his new role. He takes the reins from Bruce De Broize, who is the MD & CEO until 31 Mar 2024.
With an extensive background spanning over two decades in the insurance industry’s diverse markets, Alok adds his valuable expertise across the companies he has worked in the past. In his current serving role as Deputy CEO & Chief Financial Officer (CFO) at Future Generali India Life Insurance since February 2023, he has contributed immensely towards the company’s growth. Before this, he held executive positions at prominent insurance companies in the Philippines, Hong Kong and India, highlighting a dedicated career towards leadership journey.
Jaime Anchustegui Melgarejo, CEO International at Generali, said, “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. As a Group, we have constantly invested in development programs that are 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 of the success of an effective planning.”
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. We eagerly anticipate witnessing the company’s accomplishment and expansion under his guidance.”
Rungta said, “Being a part of Future Generali India Life Insurance, elevating a leadership position is both a privilege and a progression. 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.”