ICICI Life Insurance Names Mishra CEO As Bagchi Resigns October

Board noted MD & CEO Anup Bagchi resigning effective Oct 13, 2026; appointed Sidharatha Mishra as COO from Oct 6 and as MD & CEO from Oct 14 subject to IRDAI approval for five years. CEO change at protection-led insurer; successor is ICICI Bank veteran leading digital and partnership channels, reinforcing bancassurance link; top changes have preceded channel-mix shifts. Five-year term hinges on IRDAI approval; COO stint from Oct 6 bridges handover with Bagchi support; execution risk around protection momentum and persistency persists.