His goal is to use Lockton’s worldwide experience and local knowledge to make the company one of India’s top international brokers while preserving its 97% client retention rate.
Lockton, a privately held insurance brokerage with its headquarters in the United States, has announced its entry into the Indian market. Sandeep Dadia has been appointed as the company’s chief executive and a member of the Lockton Asia leadership team.
His primary responsibility will be to propel Lockton’s expansion and develop a risk solutions approach for customers, emphasizing the recruitment of exceptional personnel in India.
His goal is to use Lockton’s worldwide experience and local knowledge to make the company one of India’s top international brokers while preserving its 97% client retention rate.
Dadia has worked in the insurance business for more than 20 years. Throughout his career, he has served as the CEO of four startups and has held executive positions at TTK Healthcare Services, Enam Insurance Brokers, and most recently, Aditya Birla Insurance Brokers.
“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,” Warren Merritt, Asia CEO, said in a statement. “Lockton’s largest investment in the Asia region reflects our dedication to fostering economic growth and creating new opportunities for the local community.”
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.”
Subject to regulatory approval, Lockton, based in Kansas City, Missouri, is extending its footprint to satisfy the growing need for risk consulting and management services in India. Lockton now has around 135 offices worldwide.
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