Alok Rungta To Lead As MD-CEO At Future Generali India Life Insurance

Rungta will transition into his new role from 1 April, 2024

Effective from 1 April, 2024, Alok Rungta will assume the role of Managing Director & CEO at Future Generali India Life Insurance.

Currently holding positions as Deputy CEO and CFO, Rungta will succeed Bruce De Broize, who serves as the MD & CEO until 31 March, 2024.

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."

Speaking about his new role, Alok expressed his gratitude, saying, “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.”