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Liberty General Insurance has appointed Parag Ved as its Director & CEO Designate, effective from September 20, 2023. Prior to joining Liberty, he was the President of consumer lines at Tata AIG General. He has also worked with ICICI Lombard General.
Parag holds a bachelor’s degree in Electronics Engineering from K.J Somaiya College of Engineering, Mumbai, and a master’s in management from SVKM's Narsee Monjee Institute of Management Studies (NMIMS).
In a press release, Defne Turkes, President – Asia Retail Markets, Liberty Mutual Insurance, said, "Parag’s vast experience and his visionary approach uniquely position him to lead the future of Liberty General Insurance in India. We look forward to his contributions and innovations that will certainly propel the company to newer heights and achieve sustainable profitable growth."
Parag takes on the role following the retirement of Roopam Asthana, who was instrumental in establishing Liberty’s business operations in India.