Sanjeev Mantri has been appointed as the new MD and CEO of ICICI Lombard
ICICI Lombard General Insurance has announced the appointment of Sanjeev Mantri as the new managing director and CEO. The decision was approved by the company's board and will come into effect from December 2023 or upon approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Sanjeev Mantri's term is for five consecutive years or until his date of retirement, subject to IRDAI and shareholder approval, the company said in a notification to stock exchanges. This appointment follows the resignation of Bhargav Dasgupta, who stepped down from his role as MD & CEO of ICICI Lombard in September. Dasgupta will continue his current responsibilities until November 30.
Sanjeev Mantri has a career spanning over 28 years. He began his career with Bennett Coleman and Co. and subsequently held key leadership positions at BNP Paribas. Mantri has been associated with the ICICI Group for more than two decades, joining ICICI Bank in 2003.
During his tenure at ICICI Bank, he led various businesses, including the small and medium enterprises group and the rural and inclusive banking group. Mantri joined ICICI Lombard in 2015 as executive director, where he played a key role in driving the company's retail division.
He has been responsible for the distribution of insurance products across multiple channels, including motor dealerships, agencies, bancassurance, direct sales, and alternate channels. He has overseen the strategy, products, analytics, pricing, marketing, and corporate communication verticals of the company. As executive director, Mantri played a crucial role in the listing of ICICI Lombard, the merger with erstwhile Bharti Axa, and the subsequent integration process.
