Hyderabad: Future Generali India Insurance Company Limited (FGII), the general insurance arm of the joint venture between retail game changers Future Group and global insurer Generali, have designated Shreeraj Deshpande, Senior Vice President & Head – Operations, Customer Service & Health Insurance as Principal Officer and Key Managerial Personnel of the Company with effect from November 17, 2018.Shreeraj will be responsible for the overall operations of FGII and will drive the strategic growth plans for the company in his tenure as interim Head in addition to his existing responsibilities.

Shreeraj replaces KG Krishnamoorthy Rao who will take over the role of  CEO of MPI Generali Insurans Berhad (“MPI Generali”) and will relocate to Malaysia. Rao successfully headed FGII’s India business for over 11 years and led the firm to profitable growth.

Roberto Leonardi, Regional Officer, Asia Pacific, Generali said, “Krishnamoorthy’s strong leadership, energy and dynamism has driven FGII to the efficacious position that it is in now. We are excited to confirm K.G.’s appointment as CEO MPI Generali. He is well placed to support our regional strategy of accelerating our presence and to become Asia’s best insure.

We welcome Shreeraj Deshpande into his new role and are confident that with his immense experience and knowledge, he is well placed to drive FGII to newer levels of success.”

Prioir to joining Future Generali India Insurance, Shreeraj held leadership position at Bajaj Allianz where he worked for over six years. Starting his insurance career with The New India Assurance Company, he shifted to the private sector after 14 years of experience in the public sector. Shreeraj has a PhD from the University of Pune.