Iffco Tokio General Insurance elevates Subrata Mondal to MD and CEO

BENGALURU: Iffco Tokio General Insurance Company has appointed Subrata Mondal as its managing director and CEO, the Noida-based insurer said in a statement on Monday. Mondal, who has been associated with the company since 2001 and served as chief underwriter most recently, will replace H O Suri at the helm of Iffco Tokio.

He has over 36 years of experience in the insurance industry and expertise in commercial insurance, risk management, underwriting, product development, and reinsurance. “I look forward to leading our dedicated team as we continue to provide customer-centric insurance solutions,” Mondal said. “Together, we will build on the strong foundation that has been established, while embracing new opportunities and challenges in the evolving insurance landscape.”

Over the years, he has made a significant impact at Iffco Tokio. As chief underwriter, he was responsible for overseeing underwriting across multiple business lines, including property, engineering, marine, liability, credit, health, and miscellaneous insurance. In this role, he also led the company’s risk management, product development, and reinsurance functions.


Prior to joining the firm, Mondal held key positions at National Insurance Company, where he gained experience in underwriting, claims management, and risk engineering for large-scale projects. His early career began at Steel Authority of India (SAIL) as a shift engineer at the Durgapur Steel Plant, where he was responsible for electrical maintenance in the blast furnace department.

Iffco Tokio General Insurance Company is a 51:49 joint venture between Indian Farmers Fertiliser Cooperative (Iffco), one of the world’s largest fertiliser manufacturers that is wholly owned by Indian cooperatives, and Tokio Marine Group, one of the world’s largest insurance companies based in Japan.