Lockton, the insurance broking firm, announced its foray into the Indian market with Sandeep Dadia as the country’s chief executive.
Dadia, formerly the CEO of Aditya Birla Insurance Brokers Limited, brings two decades of experience in the insurance sector, with prior roles at Enam Insurance Brokers and TTK Healthcare Services.
“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,” said Warren Merritt, Lockton Asia CEO.
Founded in 1966 in Kansas City, USA, Lockton is a global firm with 140 locations worldwide. With a clientele exceeding 65,000, the company provides diverse insurance solutions, including marine, property, cyber, and health insurance.
“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.
Subject to regulatory approval, Lockton wants to expand its footprint to meet India’s growing demand for risk consulting and management services.
