Lockton Makes Indian Debut and Names Sandeep Dadia Country CEO

By siliconindia  |  Tuesday, 23 January 2024, 12:17:40 PM IST

Lockton Makes Indian Debut and Names Sandeep Dadia Country CEO
Lockton, a privately owned insurance brokerage based in the United States, has revealed its expansion into the Indian market. The company has appointed Sandeep Dadia as the Chief Executive for India and a member of Lockton Asia's leadership team. Dadia's primary responsibilities include spearheading Lockton's growth initiatives, formulating risk solutions strategies for clients, and emphasizing the recruitment of top-tier talent in India. His overarching goal is to position Lockton as one of the premier international brokers in the country, leveraging the firm's global expertise and local insights, all while maintaining an impressive 97 percent client retention rate.
With over two decades of experience in the insurance sector, Dadia possesses a wealth of knowledge. Throughout his career, he has successfully spearheaded the establishment of four startups and has assumed leadership roles at prominent organizations such as Enam Insurance Brokers and TTK Healthcare Services, and, in his most recent position, served as the CEO at 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", the statement further added
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". Lockton, headquartered in Kansas City, Missouri, and boasting approximately 135 offices globally, is poised to extend its presence to cater to the increasing demand for risk consulting and management services in India, pending regulatory approval.

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