Howden has revealed the appontment of Amit Agarwal as the Chief Executive Officer of Howden India.
The global insurance group’s announcement will see Agarwal takes over from Praveen Vashista, who will now step up to the position of Chairman.
The news followed last month’s announcement that Howden has also acquired Media Insurance Brokers International Limited (MIB), a leading independent UK and Irish film and television broker, as the organisaion looks to continue its ambitious growth plan.
Sonia Caamaño, CEO, International Growth Markets, commented on the appointment “Amit’s appointment as CEO underscores our commitment to investing in top talent and local expertise to better serve our clients.
“His vast knowledge of the Indian insurance market and strategic vision aligns perfectly with Howden’s global objectives and we know that we are primed for the next stage in Howden India’s growth story.”
The company now aims to become a leading broker in one of the world’s fastest-growing insurance markets by 2026, and Agarwal’s appointment underlines that ambition due to his experience in the role of Director for four years in JLT’s Financial Lines and Credit & Political Risk team in Mumbai.
Agarwal commented: “As I take the reins from Praveen, I would like to thank him for establishing Howden’s strong foothold in the Indian insurance market. India presents a dynamic and ever-evolving insurance landscape, and our focus will be on driving growth, enhancing customer experience, and contributing positively to the development of the insurance industry in India.
“Our employee-owned business model is a critical differentiator in attracting the best talent from the market. It aligns the goals of our colleagues with that of the firm and drives them to deliver exceptional services to our clients.”
David Howden, CEO of Howden, also commented on Vashista’s departure as CEO: “Ever since we commenced operations in India in 2004, Praveen’s leadership has been constant and loyal.
“He has grown the business, recruited a talented team and helped to build a leading insurance broker in the country. I thank him for his unwavering support, and know that he will lend his invaluable expertise and guidance to support Howden’s ongoing success and expansion initiatives as Chairman.”
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global