The Board of Directors of Cholamandalam MS General Insurance (Chola MS) has appointed Rajive Kumaraswami as Managing Director Designate with effect from April 22, 2026. 

Kumaraswami will succeed V Suryanarayananan as Managing Director and CEO of Chola MS from June 1, 2026. 

Suryanarayanan will retire from the Chola MS on May 31, 2026 after two decades with the company and almost thirty years with the Murugappa Group. 

“Under his leadership, Chola MS expanded and diversified its product portfolio, strengthened distribution partnerships, deepened its use of technology, built capable and engaged teams, and further reinforced governance practices,” the Murugappa Group company said in a statement.

Kumaraswami was most recently the Managing Director and Chief Executive Officer of Magma General Insurance Company.  

He began his career with ICICI Limited in project finance and subsequently joined ICICI Lombard General Insurance Company. He was also the Chief Representative for the Indian subcontinent at SCOR SE, the world’s fifth largest reinsurer.  Kumaraswami is an alumnus of the University of Delhi. He is a Fellow Member of the Institute of Chartered Accountants of India and an Associate Member of the Institute of Cost Accountants of India. 

Published on April 10, 2026