US-based insurance broker Lockton enters India

Insurance broking company Lockton said it is entering the Indian market with Sandeep Dadia as its country chief executive.

Dadia who was previously the CEO of Aditya Birla Insurance Brokers Limited, has spent around 20 years in the insurance business, having worked with 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.


The company which was founded in 1966 in Kansas City in the US, currently has offices in 140 locations around the world and works with more than 65,000 clients. The company offers marine insurance, property insurance, cyber cover 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.