Lockton, the insurance brokerage, announced its entry into the Indian market with the appointment of Dr. Sandeep Dadia as Chief Executive Officer in India (subject to regulatory approval) and a Lockton Asia leadership team member.
Dr. Dadia will be key in driving Lockton’s growth and building a risk solutions strategy for clients, focusing on attracting top talent in India.
Addressing Lockton’s entry into India, Warren Merritt, Asia CEO, said, “We are excited to have Sandeep lead the organization in India, bringing his expertise and knowledge of the insurance sector. This strategic entry into India creates an opportunity for Lockton to continue to build its established network in the region. Lockton’s largest investment in the Asia region reflects our dedication to fostering economic growth and creating new opportunities for the local community. We look forward to actively contributing to the development of the insurance industry within the country and across the region.”
The goal of Dr. Dadia is to make Lockton one of India’s top foreign brokerage houses. His goal is to preserve Lockton’s remarkable 97% client retention rate while fully utilising its local and worldwide capabilities.
Speaking on his appointment, Dr. Sandeep Dadia said, “I am elated to join and lead Lockton’s vision to meet the growing demand for risk consulting and management services in India. 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. I look forward to leading Lockton in India, delivering high-quality insurance services tailored to the Indian market, and making a positive impact in the sector.”
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Lockton’s private ownership empowers its 10,750+ Associates doing business in over 140 countries to focus solely on clients’ risk, insurance, and people needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results.