Global insurance and reinsurance brokerage Aon has announced the appointment of Shailendra Sapra as CEO of the firm’s Reinsurance Solutions in India and a member of the APAC region’s Reinsurance Executive Committee.
In his new role, based in Mumbai, 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.
Sapra, who will take over his new role from June 1, 2024, will be reporting to George Attard, CEO of Reinsurance for Aon’s APAC region, who commented: “As Aon expands its presence in India, I am pleased to welcome Shailendra as our India CEO 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.”
Prior to his new role at Aon, Sapra had previously served in a range of varied positions at the firm, having joined Aon’s Reinsurance Analytics team in 2010.
He later became the head of the firm’s Asia Pacific agriculture practice and client management function across several large regional and Singapore-based accounts.
Attard added: “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.”
