The Financial Services Institutions Bureau (FSIB) has recommended the name of Hitesh R Joshi for the position of Chairman-cum-Managing Director, General Insurance Corporation of India (GIC) Re. He was recommended after interfacing five eligible candidates. Presently, he has been holding additional charge of CMD from October, 2025.

Joshi is a post-graduate in Accountancy from Mumbai University and holds a Master’s Degree in Financial Management from the Jamnalal Bajaj Institute of Management Studies. He is also a Fellow of the Insurance Institute of India.

Over the course of his career in Corporation, Joshi has undertaken a diverse range of assignments across all key functions, including reinsurance (both domestic and international inward business), retrocession, finance, Enterprise Risk Management, budgetary control and strategic planning, internal audit, credit rating, investor relations, and also served as Executive Assistant to the Chairman and Managing Director of the Corporation.

In his role as Executive Director, he oversaw multiple areas such as Human Resource Management, International Business Operations, Information Technology, Vigilance Compliance, Claims Vertical, Audit & Compliance (Internal & CAG), Budgeting, Right to Information, Grievance Redressal & Complaints, Legal, Mergers & Acquisitions, Digital Team, Business Intelligence Unit (BIU), Actuary and Office support services.