Aon appoints new India reinsurance CEO
Aon has announced that Shailendra Sapra had been named chief executive of the firm’s Reinsurance Solutions in India and a member of the APAC region’s Reinsurance Executive Committee, effective June 1st, 2024.
Based in Mumbai and reporting to George Attard, chief executive of reinsurance for Aon’s APAC region, Sapra had previously served in a range of varied positions at the firm, having joined Aon’s Reinsurance Analytics team in 2010, before leading its Asia Pacific agriculture practice and client management function across several large regional and Singapore-based accounts.
Aon said that Sapra will seek to identify and develop growth opportunities for insurers and reinsurers presented by India’s rapidly developing insurance market. This will involve aiming to close the country’s significant insurance protection gaps and supporting the development of new and existing lines, through delivering additional capacity, and innovation in solutions and services.
Attard said: “As Aon expands its presence in India, I am pleased to welcome Shailendra as our India chief executive for Reinsurance. India is predicted to have the fastest growing insurance sector of all G20 countries over the next five years; when coupled with the country’s fast-growing economy, a pro-active regulator, and an appetite for technology and innovation, its emerging insurance sector is clearly on an upwards trajectory. This appointment marks another milestone in Aon’s progress in India and reflects our broad commitment to the India market and to meeting our clients’ evolving needs – through investing in our Reinsurance capabilities, but also delivery of our broader Risk Capital and Human Capital capabilities.”
Sapra’s appointment represents another step in driving Aon’s regional capabilities and delivering on the firm’s stated Aon’s 3x3 Plan to go further, faster, and help clients navigate volatility, build resilience, and make better business decisions, the company said.
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