Lockton has announced its expansion into the Indian market, appointing Sandeep Dadia as the country chief executive.
Dadia, who brings approximately two decades of experience in the insurance sector, previously held the position of CEO at Aditya Birla Insurance Brokers Limited. His career includes tenures at Enam Insurance Brokers and TTK Healthcare Services.
The move into India is part of Lockton's strategic plan to enhance its network in the region. Warren Merritt, CEO of Lockton Asia, highlighted the significance of this expansion, stating that it represents Lockton's largest investment in Asia. He also emphasised the company's commitment to contributing to economic growth and fostering new opportunities within the local community.
“As we establish a new startup backed by one of the world’s largest insurance brokers, Lockton is committed to being a strategic partner, ensuring that our risk management solutions contribute to our clients’ success,” Dadia said.
Lockton's expansion into the Indian market is subject to regulatory approval. The company aims to meet the increasing demand in India for risk consulting and management services, marking a significant step in its global growth strategy.
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