Aon has introduced that Shailendra Sapra has been named CEO of the corporate’s reinsurance options in India.
Spara will even develop into a member of the APAC area’s Reinsurance Govt Committee efficient June 1 2024.
Primarily based in Mumbai and reporting to George Attard, CEO of reinsurance for Aon’s APAC area, Sapra has beforehand serviced in a spread of assorted positions on the agency.
Now, he’ll search to determine and develop progress alternatives for insurers and reinsurers introduced by the shortly rising insurance coverage market in India.
Moreover, he’ll intention to shut the shut the nation’s insurance coverage safety gaps and assist the event of recent and present strains.
Attard stated: “As Aon expands its presence in India, I’m happy to welcome Shailendra as our India CEO for Reinsurance. India is predicted to have the quickest rising insurance coverage sector of all G20 nations over the following 5 years; when coupled with the nation’s fast-growing financial system, a pro-active regulator, and an urge for food for know-how and innovation, its rising insurance coverage sector is clearly on an upwards trajectory. This appointment marks one other milestone in Aon’s progress in India and displays our broad dedication to the India market and to assembly our shoppers’ evolving wants – by investing in our Reinsurance capabilities, but in addition supply of our broader Danger Capital and Human Capital capabilities.”
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By GlobalData
In April 2024, Aon closed the acquisition of World Insurance coverage Brokers (GIB), enhancing its footprint within the Indian market.
The deal, agreed in October 2023, is predicted to bolster Aon’s broking and advisory providers within the business threat, well being and reinsurance sectors.
GIB is now an entirely owned subsidiary of Aon and can start formal integration with Aon India Insurance coverage Brokers (AIIB) after the Nationwide Firm Regulation Tribunal merger course of concludes, which is predicted later this yr.
Till then, GIB will function independently inside Aon.
