HDFC Ergo General Insurance said on Friday that its Chief Executive Officer and Managing Director Anuj Tyagi has resigned, a little over 18 months after taking charge, to pursue entrepreneurial interests.
The insurer said Tyagi, who assumed the role in July 2024, stepped down earlier in the day and will continue in office until mid-April to ensure an orderly transition. The board has initiated the process to identify a successor, the company said in a statement.
Tyagi joined HDFC Ergo in 2008 and has spent more than 17 years with the company. During this period, he held several leadership roles across reinsurance, underwriting, claims, technology, people functions and distribution, playing a key role in building the insurer’s operating and digital capabilities.
He took over as MD and CEO from Ritesh Kumar, who moved to the board of management of Ergo International. Under Tyagi’s leadership, the company focused on strengthening its technical foundations, expanding its distribution footprint and accelerating digital transformation initiatives.
The board acknowledged Tyagi’s contribution, noting his emphasis on governance, integrity and long-term value creation. Until his departure, Tyagi will work closely with the management team to maintain continuity in line with the insurer’s strategic priorities and commitments to customers, partners and employees.
The leadership change comes at a time of mixed business performance. HDFC Ergo reported gross direct premium underwritten growth of 35.75 percent year-on-year to ₹1,283.42 crore in December 2025. However, for the April–December period of FY26, gross premium declined 10.09 percent year-on-year to ₹10,980.22 crore, reflecting a moderation in growth over the nine-month period.
India’s non-life insurance sector has seen heightened competition and pricing pressure in recent quarters, even as insurers invest heavily in digital distribution and claims automation. The Wall Street Journal has previously reported that senior leadership churn across financial services firms has increased as executives reassess long-term career priorities amid structural shifts in the industry.
HDFC Ergo said it will share further updates on succession in due course. Tyagi’s departure marks the end of a long tenure at the insurer and the start of a new entrepreneurial phase, while the company moves to ensure leadership continuity during the transition.