Kotak Mahindra Group announces 2 new chiefs for insurance business

Kotak Mahindra Group has recently announced two key appointments for their insurance businesses. From May 1, 2021, Mahesh Balasubramanian has been appointed as the Managing Director of Kotak Mahindra Life Insurance and Suresh Agarwal will be the Managing Director and CEO of Kotak General Insurance.

Kotak Mahindra Group, in a statement, said, “These moves come as G Murlidhar completes a 10-year term as the Managing Director of Kotak Life and superannuates on Friday (April 30, 2021).”

Balasubramanian is the MD and CEO of Kotak GI, and has been heading the company since 2014 while Agarwal led Kotak Life’s distribution network and has played a vital role in establishing a vast pan-India network for the company.