Mumbai, Maharashtra, India – Munich Re Group announced today that Surbhi Goel has been appointed as the CEO of its India Branch, effective October 2024, pending regulatory approval. In her upcoming role, Goel will oversee the Property and Casualty reinsurance business in one of the company’s most crucial markets.
“I am very much looking forward to the new responsibility of driving Munich Re’s growth in the Indian market. Having the opportunity to work in a dynamic market environment with a highly motivated team in a well-positioned branch is an amazing opportunity,” Goel stated regarding her new role.
Surbhi Goel will succeed Hitesh Kotak, who will assume an expanded role overseeing the regions of Japan, India, Korea, and South-East Asia starting 1 July 2024.
Hitesh Kotak: “Surbhi has a deep understanding of India’s insurance market and is therefore a perfect choice to become CEO India. India is one of Munich Re’s most important growth markets and Surbhi has all capabilities needed to continue to support our clients in their growth journey.”
Having led the Property & Casualty South-East Asia business since 2022, and with senior roles in underwriting, business, and reinsurance at a leading Indian insurer since 2008, Goel brings a wealth of experience to her new position. Her appointment marks her as Munich Re’s first female CEO in India, setting a significant milestone in the company’s history.
About Munich Re
Munich Re stands as one of the global leaders in reinsurance, primary insurance, and insurance-related risk solutions. Established in 1880, the company is known for its profound risk-related expertise and robust financial health. Munich Re operates globally across all insurance business lines, offering financial protection against exceptional damages, such as those from the 1906 San Francisco earthquake to Hurricane Ian in 2022. The Group is also renowned for its innovative capacity to cover extraordinary risks like rocket launches, renewable energies, and cyber risks. With its digital transformation efforts, Munich Re continues to enhance its risk assessment capabilities and service range, solidifying its position as a premier risk partner worldwide.
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