News

Hitesh Joshi recommended for top post at GIC Re by FSIBFSIB recommends Shri Hitesh Rameshchandra Joshi as CMD of GIC Re after evaluating five candidates on February 24, 2026. The appointment will follow standard procedures for financial institutions.By Srabastee Biswas  February 24, 2026, 8:46:58 PM IST (Published)1 Min ReadThe Financial Services Institutions Bureau (FSIB) has recommended the name of Shri Hitesh Rameshchandra Joshi for the position of Chairman-cum-Managing Director (CMD) at GIC Re.

In a notification dated February 24, 2026, the Bureau said it had interfaced with five eligible candidates for the top post at GIC Re. The interaction was conducted on February 24, 2026, as part of the selection process.

The FSIB stated that, keeping in view the candidates’ performance during the interaction, their overall experience and the extant parameters, it has recommended Joshi for appointment as CMD of GIC Re.

The recommendation follows a structured evaluation process undertaken by the Bureau for appointments to senior positions in financial institutions.

The official note confirming the recommendation was signed by the Secretary of the Financial Services Institutions Bureau.

Also read: GIC Re Q1 results: Profit surges 81% YoY, NII rises; underwriting losses narrow

GIC Re is one of the key institutions in India’s reinsurance sector, and the CMD position is responsible for leading the organisation’s overall strategy and operations.

With the recommendation now made by the FSIB, the appointment will proceed as per the applicable procedures governing top-level appointments in financial institutions.Continue ReadingTagsGIC