Reliance Life Insurance Company, part of Reliance Capital, today said it has appointed Anup Rau as new CEO of the company with immediate effect.
Mr Rau succeeds Malay Ghosh, president and executive director, Reliance Life Insurance.
The board of directors of Reliance Life announced the appointment of Anup Rau as the new CEO of the company, subject to IRDA approval, the company said in a statement.
Mr Rau, 39, joins the company from HDFC Life Insurance and brings over 17 years of industry experience, it said. "Rau has extensive experience in the Indian life insurance industry and we look to strengthen our leadership position in the life insurance business with him at the helm," said Sam Ghosh, CEO of Reliance Capital.
Mr Rau will also be on the board of Reliance Life Insurance.
"Malay Ghosh has played a pivotal role in building the company in challenging times. He also played a key role in forging our relationship with Nippon Life Insurance, the largest private life insurer in Japan, as a strategic partner in the company. He will continue to guide the company as a member on the Board," Mr Ghosh added.
As the head of sales and distribution in HDFC Life, Mr Rau was responsible for managing sales commercials, distribution operations and sales support, the statement said.
Prior to HDFC, Rau was the National Head Bancassurance, Alliances and International Business at ICICI Prudential Life.
Reliance Life Insurance Company is one of the country's top private sector life insurance companies with business premium, including renewal premium of over Rs 5,498 crore for the year ended March 31, 2012.