Mumbai: Kotak General Insurance re-branded as Zurich Kotak General Insurance after Zurich Insurance Group acquired a majority stake. The new brand reflects shared values of trust, innovation, integrity, and customer focus. The legal name now is Zurich Kotak General Insurance Company (India) Limited.
“The rebranding to Zurich Kotak General Insurance represents a significant step in our shared journey to create a premier general insurer for the new India. This new identity is not just a change in name but a reflection of our combined strengths, values, and commitment to deliver insurance solutions tailored to the diverse needs of Indian consumers and businesses.” said Tulsi Naidu, CEO Asia Pacific, Zurich Insurance Group.
Zurich Kotak General Insurance is fully dedicated to enhancing India’s insurance sector aligned with IRDAI’s “Insurance for All” goal by 2047. Leveraging Zurich’s global prowess and Kotak’s local expertise, it aims to bolster India’s insurance industry for enhanced financial security nationwide.
Suresh Agarwal, Managing Director & CEO, Zurich Kotak General Insurance said, “This is an important milestone in our journey to build a responsible, impactful and leading general insurer as we launch the new brand in the market. We will continue to work towards enhancing insurance penetration in the country through technology, scale, and bringing global best practices to our business, keeping customers at the core of it.”
The company has also reconstituted its Board of Directors, bringing together seasoned industry leaders with a strong track record in driving growth and innovation to fulfil Zurich Kotak’s vision of building a leading general insurer for the new India.
Srinivas Injeti (IAS) is the new Chairman of the Board, with Independent Directors including D Sundaram, Ravi Venkataraman, Tulsi Naidu (APAC CEO, Zurich Insurance Group), Mathew Reilly (APAC COO, Zurich Insurance Group), Pushan Mohapatra (former MD & CEO, SBI General Insurance), Gaurang Shah (Non-Executive Director – Insurance, Asset Management & International Subsidiary, Kotak Mahindra Bank), and Jaideep Hansraj (former Managing Director, Kotak Securities Limited). The diverse expertise of the new board will guide Zurich Kotak General Insurance towards accelerated growth and market expansion.
