His roots within the firm hint again to 2010
Aon has introduced the appointment of Shailendra Sapra (pictured above) as the brand new CEO of its Reinsurance Options division in India, efficient June 1, 2024.
He brings an expansive background to his new function, having first joined Aon’s reinsurance analytics group in 2010. Sapra subsequently led the corporate’s Asia-Pacific agriculture apply and managed consumer relations throughout main regional and Singapore-based accounts.
In his new function, Sapra will concentrate on figuring out and capitalizing on development alternatives inside India’s rapidly evolving insurance coverage sector. His duties will embrace addressing the insurance coverage safety gaps within the nation and enhancing the event of each new and current insurance coverage strains by growing capability and creating options and companies.
As a part of this new perform, Sapra will even be part of the APAC area’s reinsurance govt committee. Based mostly in Mumbai, he’ll report back to George Attard, CEO of reinsurance for Aon’s APAC area.
“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 international locations over the subsequent 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,” Attard mentioned.
“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 purchasers’ evolving wants – by way of investing in our reinsurance capabilities, but additionally supply of our broader danger capital and human capital capabilities,” Attard mentioned.
Sapra’s appointment additionally aligns with Aon’s strategic targets beneath the agency’s 3×3 Plan, which goals to reinforce the corporate’s potential to navigate volatility, construct resilience, and enhance enterprise decision-making for purchasers.
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