Soly Thomas Appointed Deputy CEO And CDO At Canara HSBC Life

Canara HSBC Life Insurance Company Limited (“Canara HSBC Life Insurance”) today announced the re-designation of Soly Thomas as the Deputy Chief Executive Officer and Chief Distribution Officer – Bancassurance.

Soly, a founding member associated with the Company since 2008, has been instrumental in shaping its growth trajectory and strengthening its market position. Over the last 18 years, he has played a defining role in building the Company’s bancassurance distribution strategy, leading the integrated sales network across Canara Bank, regional rural banking partners and more recently, HSBC. There is no other change in the organization structure and Soly will continue to lead bancassurance business, reporting to the MD & CEO.

Commenting, Anuj Mathur, Managing Director & CEO, Canara HSBC Life Insurance, said, “I am delighted to announce the re-designation of Soly Thomas to the role of Deputy Chief Executive Officer and CDO - Bancassurance. Soly’s relentless commitment, deep market understanding, vintage and strategic leadership have been pivotal to the Company’s success. His contribution in building and scaling our distribution ecosystem has been exemplary. In his expanded capacity, we look forward to leveraging his insights as we drive the organization into its next phase of sustainable growth.”

Sharing his perspective, Soly Thomas said, “I am truly honored by the trust and confidence the Board and the Company have placed in me. This recognition reflects the collective effort of our teams and partners over the years. I look forward to working closely with the leadership group to further consolidate our strengths, enhance customer value, and accelerate the Company’s long‑term growth agenda.”

In recent years, the Company has continued to strengthen its leadership position with sustained performance and meaningful value creation. As of 9M FY26, the Company ranked 9th on Individual WPI basis. The firm grew by 20% in comparison to private insurers growth of 13% and Industry growth of 10% during the same time. Company's market share on overall Industry stood at 2.1% (Higher than PY by 0.2%) and market share amongst private insurers at 2.9% (Higher than PY by 0.1%). Further underscoring its growth trajectory and governance maturity, the Company successfully completed its Initial Public Offering earlier this financial year and is now publicly listed on Indian stock exchanges.