The board of Bajaj Allianz General Insurance has appointed Tapan Singhel as its new MD & CEO.
Tapan has been the Chief Marketing Officer (CMO) of the company and is one of the earliest employees of the company. He will be taking over from Hemant Kaul who has relocated to Singapore for an assignment at Allianz Asia Pacific.
Commenting on this appointment, Sanjiv Bajaj, MD, Bajaj Finserv Limited and Director of Bajaj Allianz, said, "We are confident that Tapan, who has been with the company since its inception, will be able to sustain the company's success going forward. His vision, strategic outlook and wide experience in the growing retail segment will be a valuable contribution in taking Bajaj Allianz to new heights. I congratulate Tapan on his new role and wish him all the best. We also wish Hemant the very best in his new role at Allianz Asia Pacific."
David Fried, Regional CEO, Allianz Asia Pacific said, "Having grown with Bajaj Allianz over the decade, Tapan has deep insight into the Indian general insurance market, which would be valuable in furthering the leading position of Bajaj Allianz in India. We welcome Hemant in Allianz Asia Pacific, Singapore."
Tapan Singhel, an alumnus of BHU has been with Bajaj Allianz General Insurance for over ten years. He has over 20 years experience in the industry of which the last ten years have been with Bajaj Allianz. He was also a part of the team which chalked out its entry and rapid growth in the retail segment. Tapan has handled various roles in the company as Zonal Head, President and his most recent role as Chief Marketing Officer.