Zurich Kotak General Insurance Appoints Alok Kumar Agarwal as MD & CEO

Zurich Kotak General Insurance has announced the appointment of Alok Kumar Agarwal as its Managing Director and Chief Executive Officer, effective January 1, 2025. Agarwal succeeds Suresh Agarwal in this role following board approval, the company confirmed in a statement on Wednesday.
Agarwal brings over 22 years of leadership experience from ICICI Lombard General Insurance, where he oversaw key operations across corporate, SME, crop, and retail business segments.
In June 2024, Zurich Group marked its strategic entry into India’s burgeoning insurance market by acquiring a majority stake in Kotak Mahindra General Insurance Company Ltd.
This transaction is the largest foreign investment in India’s general insurance sector since the foreign direct investment (FDI) cap was raised from 49% to 74% in 2021, the company noted.