Sanjeev Mantri has been reportedly named the new managing director and CEO of ICICI Lombard General Insurance. The decision was taken during the company's board meeting and Mantri's appointment will come into effect from December 1, 2023, or upon the nod from the Insurance Regulatory and Development Authority of India (IRDAI).

Mantri's tenure will reportedly last five consecutive years or until his date of retirement, depending on IRDAI or shareholder approval.

He replaces Bhargav Dasgupta who resigned as MD & CEO of ICICI Lombard on September 21. Dasgupta will be in office till November 30.

Mantri has close to three decades of experience fulfilling key roles in companies like Bennett Coleman and Co. and BNP Paribas prior to ICICI.

He has also handled with Rurual and Inclusive Banking portfolio at ICICI Bank. He led SME business verticals for the bank in the past, playing a key role in the expansion of the company' into rural markets.