Lockton enters the Indian market; Sandeep Dadia appointed country CEO

US-headquartered privately owned insurance coverage brokerage Lockton has introduced its entry into the Indian market with the appointment of Sandeep Dadia as its chief government for the nation and a member of the Lockton Asia management crew.
He’ll play a key position in driving Lockton’s development and constructing a danger options technique for shoppers, with a concentrate on attracting prime expertise, in India.

His mission is to raise Lockton’s standing to one of many main worldwide brokers in India by harnessing the corporate’s world experience and native information whereas sustaining its 97% shopper retention charge.

Dadia brings with him greater than 20 years of expertise within the insurance coverage business. Throughout his profession, he has led 4 startups and has held management positions at Enam Insurance coverage Brokers, TTK Healthcare Companies and, most lately, Aditya Birla Insurance coverage Brokers, the place he was the CEO.

“We’re excited to have Sandeep lead the group in India, bringing his experience and information of the insurance coverage sector. This strategic entry into India creates a possibility for Lockton to proceed to construct its established community within the area,” Warren Merritt, Asia CEO, mentioned in an announcement. “Lockton’s largest funding within the Asia area displays our dedication to fostering financial development and creating new alternatives for the local people.”

Dadia mentioned, “I’m elated to affix and lead Lockton’s imaginative and prescient to fulfill the rising demand for danger consulting and administration providers in India. As we set up a brand new startup backed by one of many world’s largest insurance coverage brokers, Lockton is dedicated to being a strategic accomplice, making certain that our danger administration options contribute to our shoppers’ success.”With about 135 places of work worldwide, Kansas Metropolis, Missouri-based Lockton is, topic to regulatory approval, increasing its footprint to fulfill India’s rising demand for danger consulting and administration providers.