Nadeem Mokashi appointed head of claims, Jyoti Krishnan as head of liability & specialty, Mayank Sharma as national head of liability and Sunny Goel as strategic business leader.
India’s surety segment is drawing global attention, but experts caution that legal clarity, underwriting discipline, and reliable contractor data remain essential for sustainable growth.
The claimant allegedly relied on ChatGPT-generated legal guidance and filings, forcing the insurer to incur significant legal costs despite a previous settlement agreement.
Most insurers anticipate similar allocation proportions for bank deposits, bonds, mutual funds, and other financial assets compared to 2025, with some planning to modestly increase equity investments.
The insurer, which reported a solvency ratio of 142% as of September 2025, now has two months to submit a revised plan covering asset disposals, cost reductions, and capital increases.
