Kotak General Insurance has officially rebranded as Zurich Kotak General Insurance, following Zurich Insurance Group’s acquisition of a majority stake in the insurer, which was finalized on June 18, 2024. This significant rebranding reflects the shared vision of the newly integrated entity, symbolizing a commitment to trust, innovation, integrity, and customer excellence. The legal name of the company has been changed from Kotak Mahindra General Insurance Company to Zurich Kotak General Insurance Company (India).
Tulsi Naidu, CEO of Zurich Insurance Group for Asia Pacific, stated, “The rebranding to Zurich Kotak General Insurance marks a pivotal moment in our joint mission to establish a leading general insurance provider for the evolving Indian market. This new identity signifies more than just a name change; it embodies our combined strengths, shared values, and unwavering dedication to delivering insurance solutions that cater to the varied needs of Indian consumers and businesses.”
The rebranding combines Zurich’s global expertise and scale with Kotak’s deep local insights, positioning the company to significantly contribute to the advancement of India’s insurance sector. This collaboration aims to enhance financial security and resilience across the nation.
Suresh Agarwal, the managing director and CEO of Zurich Kotak General Insurance, commented, “This milestone represents a crucial step in our journey to create a responsible, impactful, and leading general insurance provider. As we introduce the new brand, we are committed to enhancing insurance penetration in India through leveraging technology, expanding our scale, and incorporating global best practices. Our primary focus remains on keeping our customers at the heart of our business.”
In conjunction with the rebranding, the company has reconstituted its board of directors, bringing together a distinguished group of industry leaders with a proven track record in driving growth and innovation. Srinivas Injeti (IAS) has been appointed as the chairman of the board. D Sundaram and Ravi Venkataraman have been named independent directors. The board also includes Tulsi Naidu (APAC CEO, Zurich Insurance Group), Mathew Reilly (APAC COO, Zurich Insurance Group), Pushan Mohapatra (former MD and CEO, SBI General Insurance), Gaurang Shah (non-executive director for insurance, asset management, and international subsidiaries at Kotak Mahindra Bank), and Jaideep Hansraj (former managing director of Kotak Securities) as non-executive directors.
Together, the new board brings a wealth of diverse expertise in global markets, risk management, and customer-centric strategies. Their collective experience will guide Zurich Kotak General Insurance in its efforts to accelerate growth and expansion in the competitive insurance market, further solidifying its position as a premier insurer in the new India.
