Munich Re announced the appointment of Surbhi Goel as the first female CEO of its India bbranch effective October. Her appointment is subject to regulatory approval. 

Surbhi will succeed Hitesh Kotak, who will take on an expanded role overseeing Japan, India, Korea, and South-East Asia, effective July 1. In her new role, Surbhi will report to Hitesh.

Before being named as the CEO, Surabhi has been heading Property & Casualty South-East Asia business since 2022 and before this, she held senior underwriting, business, and reinsurance roles at a leading insurer in India since 2008.

As CEO, Surbhi will be responsible for Munich Re’s property and casualty reinsurance business in India.

“Surbhi has a deep understanding of India’s insurance market and is therefore a perfect choice to become CEO of India branch which is one of Munich Re’s most important growth markets. Surbhi has all the capabilities needed to continue to support our clients in their growth journey,” said Hitesh.

“I am very much looking forward to the new responsibility of driving Munich Re's growth in the Indian market,” said Surabhi.