ICICI Life Insurance names Sidharatha Mishra as new MD & CEO
ICICI Life Insurance announced that Anup Bagchi will resign as Managing Director and CEO on 13 October 2026. Sidharatha Mishra, currently heading digital channels at ICICI Bank, will take over as COO on 6 October 2026 and as MD & CEO on 14 October 2026, subject to IRDAI approval, for a five‑year term. The change follows a board resolution and a shareholder vote approving the company’s name change to ICICI Life Insurance.
Why it matters
The appointment ensures continuity of leadership at the life‑insurance subsidiary and may steer the business toward greater digital integration, as noted by the board’s transition plan. The resignation of a long‑standing CEO could affect investor sentiment until the new leader’s strategy is evident.
Key facts
- 1Anup Bagchi resigned as Managing Director and CEO effective close of business on 13 October 2026. scanx.trade
- 2Sidharatha Mishra will assume the role of Chief Operating Officer on 6 October 2026. scanx.trade
- 3Mishra will become Additional Director and Managing Director & CEO on 14 October 2026, or the date of IRDAI approval, whichever is later. scanx.trade
- 4The appointment is for a five‑year term, subject to regulatory approvals. scanx.trade
- 5Shareholders approved the company’s name change to ICICI Life Insurance with 99.9994% support. scanx.trade
- 6Bagchi will leave the group to join HDFC Bank after his resignation. tradingview.com
Summary written by AlphAI from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.