Magma General Insurance News and Activities

Magma General Insurance is owned by Cyrus Poonawalla Group.

Cyrus Poonawalla Group has 3 subsidiaries including Magma General Insurance, Poonawalla Fincorp and Serum Institute of India.

They are in:

• Pharmaceuticals50%
• Financial Services25%
• Other25%

View the org chart displaying its 18 main executives

Most searched biographies at Magma General Insurance

• Sanjay Chamria, Non-Executive Chairman of the Board
• Sanjay Sachdev, Non Executive Independent Director
• Jens Wohlthat, Vice Chairman of the Board

Popular executive movements at Magma General Insurance

• Rajive Kumaraswami, Managing Director and Chief Executive Officer, has left the company  (posted on April 20 2026).

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Cyrus Poonawalla Group has 3,979 competitors including Aetna (United States (USA)), AIG (United States (USA)) and Humana (United States (USA)).

Popular M&A news in Insurance

• Howard Hughes has acquired Vantage Group Holdings (posted on June 5 2026).
• 26North Re has acquired Independent Insurance Group (posted on June 2 2026).
• Admiral Group has acquired Flock (posted on June 1 2026).

Popular contacts in Insurance

• Max Chee - Director at Ideon
• Jon Farney - President and Chief Executive Officer and Director at State Farm
• Michel Khalaf - President, Chief Executive Officer and Director at MetLife

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