Hyderabad: Ageas Federal Life Insurance company limited is pleased to announce the appointment of Mr Jude Gomes as the new Managing Director & Chief Executive Officer, with the approval of Insurance Regulatory and Development Authority of India (IRDAI).
Mr Jude Gomes brings more than 30 years of local and international experience in senior positions in insurance and banking. He had successful stints as CEO at Manulife China Bank in the Philippines and more recently as CEO at Union Assurance PLC in Sri Lanka. Prior to that, he was Chief Partnership Distribution Officer for Manulife in Vietnam, and at HSBC Head Office based out of Hong Kong. In the past, he was part of the core team to set up India’s first private Life Insurer, HDFC Standard Life Insurance and was also a founding member of HSBC Canara Oriental Bank of Commerce Life Insurance in India. Until very recently, based out of Hong Kong, Mr Jude Gomes held the key position as Regional Director, Business Development at Ageas.
Expressing his views on the appointment, Mr. Jude Gomes said, “I am honored to take on the role of Managing Director (MD) & Chief Executive Officer (CEO) at Ageas Federal Life Insurance. With the support of our Board and all our dedicated employees, I will continue to uphold our core values of Care, Dare, Deliver and Share for all our stakeholders. We will establish new benchmarks and strengthen our position in India’s insurance landscape. I look forward to our new journey of growth and success – together – as Team Ageas Federal Life.”
Ageas Federal Life Insurance extends a warm welcome to Mr. Jude Gomes and wishes him all the best in this exciting new chapter.
About Ageas Federal Life Insurance: Ageas Federal Life Insurance is one of India’s growing life insurance companies and offers a diverse range of wealth management, protection, and retirement solutions to individual and corporate customers. Ageas Federal Life Insurance Co. Ltd is a joint venture of Ageas, a multinational insurance giant based out of Europe and Federal Bank, one of India’s leading private sector banks.
Having commenced operations in 2008, Ageas Federal Life Insurance was able to achieve breakeven within just five years; the Company’s passion for innovation and growth helped it achieve this feat. Through a nationwide network of 3,800+ branches including partner bank branches, and a sizeable network of advisors, Ageas Federal Life Insurance has achieved presence across the length and breadth of the country. As of March 31, 2024, the Company has issued over 16.88 lakh policies with a sum assured of over ₹ 1,54,425 crores. Ageas Federal Life Insurance has total assets under management of over ₹17,455 crore and a robust capital base of over ₹800 crores as of March 31, 2024.