The Financial Services Institutions Bureau (FSIB) on Tuesday recommended Hitesh Rameshchandra Joshi for the post of Chairman-cum-Managing Director (CMD) of General Insurance Corporation of India (GIC-Re).
Joshi was recommended after interfacing with five eligible candidates. He is currently serving as Executive Director and holding additional charge of CMD of General Insurance Corporation of India (GIC-Re), following the retirement of N Ramaswamy at the end of September 2025, which led to the vacancy in the top post.
The final decision now rests with the Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi.
Over the course of his career at GIC-Re, Joshi has handled a wide range of assignments across key functions, including domestic and international reinsurance business, retrocession, finance, enterprise risk management, budgetary control and strategic planning, internal audit, credit rating, and investor relations.
He has also served as Executive Assistant to the Chairman & Managing Director of the Corporation, gaining extensive exposure to top-level decision-making and corporate governance.
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