Lockton, the world's largest independent insurance brokerage, announced its entry into the Indian market with the appointment of Dr. Sandeep Dadia as Chief Executive Officer, India (subject to regulatory approval), and a member of the Lockton Asia leadership team. Dr. Dadia will play a key role in driving Lockton’s growth and building a risk solutions strategy for clients, with a focus on attracting top talent, in India.
Dr. Dadia’s mission is to elevate Lockton’s status to one of the leading international brokers in India. His aim is to fully harness Lockton’s global expertise and local knowledge, while maintaining its impressive 97% client retention rate.
Dr. Dadia brings with him a wealth of knowledge from 20 years of experience in the insurance industry. During his career, he has successfully led four startups and has held leadership positions at Enam Insurance Brokers Pvt. Ltd, TTK Healthcare Services and most recently at Aditya Birla Insurance Brokers Limited (ABIBL), where he was Chief Executive Officer and Principal Officer, leading the company to become one of the top insurance brokers in India.
Dr. Dadia also holds several significant industry roles. He has served on the Board of Directors of the Insurance Broker Association of India, as Convener for Broking in Confederation of Indian Industry (CII) and on the advisory committee to the Insurance Regulatory and Development Authority (IRDAI) for Cyber Insurance.
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.”
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.”
With over 135 offices worldwide, Lockton is, subject to regulatory approval, expanding its footprint to meet India's growing demand for risk consulting and management services. As the world’s largest independent insurance brokerage, Lockton in India will leverage its unique expertise and global capabilities alongside local knowledge. The team of top professionals, at Lockton is dedicated to offering clients a wealth of technical expertise while placing a strong emphasis on establishing high-quality, long-term client-focused relationships.
About Lockton:
What makes Lockton stand apart is also what makes us better: independence. 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. For more information, visit www.lockton.com (opens a new window).
For 15 consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." Lockton was named among the 2023 Best Managed Companies by Deloitte and the Wall Street Journal, a program that recognizes excellence and honors private companies for their strategy, execution, culture, and financials.