Deepak Reddy Picked to Lead Bajaj General Insurance From April 2027
Bajaj Finserv has tapped Deepak Reddy as CEO-designate of Bajaj General Insurance, with Reddy replacing Tapan Singhel on 1 April 2027 pending regulator sign-off.
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what happened
Bajaj Finserv has chosen Deepak Reddy as chief executive-designate of Bajaj General Insurance, according to Moody's, which cites the company's own announcement. Reddy is due to start in the designate role on 1 January 2027 and to become managing director and CEO on 1 April 2027, provided India's insurance regulator, IRDAI, signs off.
Reddy will take over from Tapan Singhel, who has run the insurer since 2012 and has been with it since 2001. Before this, Reddy served as CEO of Manappuram Finance from August 2025. His career also spans American Express Bank, Standard Chartered Bank and JVC Onida, with more than thirty years across financial services and electronics. He holds a Bachelor of Commerce and a post-graduate diploma in management.
The handover is planned for the first quarter of 2027. Singhel has been a prominent voice on claims, customer interests and regulatory changes across India's general insurance sector.
why it matters
The move is a leadership change at one insurer within the Bajaj Finserv group, so its direct effect on markets looks limited. The report includes no financial figures, so traders may watch whether IRDAI approves the appointment on schedule.
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- Bajaj General Insurance Names Deepak Reddy CEO-Designate, To Take Charge In April 2027 — Moody's, 23 October 2026 at 19:40 UTC
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