GIC Re names Hitesh Joshi as interim Chairman and Managing Director

General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has appointed Hitesh Ramesh Chandra Joshi as interim Chairman-cum-Managing Director (CMD), effective October 1st, 2025.

The appointment was approved by the Ministry of Finance as specified in a letter dated October 24th, 2025.

Joshi is currently the Executive Director (ED) of GIC Re, and will serve in his new role for a period of three months or until a regular CMD is appointed, or until further order, whichever is earlier.

He will have financial and administrative powers and functions as part of his role.

Joshi’s appointment follows the completion of a two-year stint by Narayanan Ramaswamy as CMD.

Joshi is an industry veteran and has spent over three decades with GIC Re. As the ED, he oversees international business operations, human resources, information technology, office services, business intelligence, and actuarial functions.

Over the course of his career with the reinsurer, he has undertaken assignments across key functions, including reinsurance, both domestic and international inward business, retrocession, finance, internal audit, budgetary control, credit rating, and investor relations.

In the past, Joshi has served as Executive Assistant to the Chairman and Managing Director of the corporation.