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Gallagher has appointed Ajit Horra as CEO and Principal Officer of its broking business in India, subject to regulatory approval.
Ajit has over 35 years’ experience in the insurance industry and joined Gallagher late last year in a Managing Director role. He joined the business from Prudent Insurance Brokers, where he spent the last seven years, most recently as Board Director and Technical Head. Ajit has also held leadership positions at United India Insurance company and Aon during his career.
In his new position, he will lead Gallagher’s 180 strong team, which is headquartered in Mumbai with regional offices in Bengaluru, Bhubaneshwar, Chennai, Delhi, Gurugram, Guwahati, and Kolkata. The team offers a wide range of insurance and risk management services and has expertise in industries including motor, aviation, marine, construction, energy and renewables, manufacturing, M&A and transactional liabilities, and life sciences.
Gallagher first launched in India in 2019 when it entered into a partnership with Edelweiss Insurance Brokers, which it acquired in full in 2021. The business was rebranded to Gallagher in 2022.
Ajit replaces Sneha Gokarn who is leaving the business. He will work alongside Vinod Krishnan who heads up Gallagher Re in India and will report to Simon Matson, Executive Vice President of Gallagher’s Global Brokerage business, with responsibility for EMEA and global reinsurance.
Commenting on the appointment, Simon, said: “Ajit is a natural leader for our business in India and we are thrilled to appoint him as CEO & Principal Officer. We view India as a key growth market for Gallagher given its size and scale and we see many opportunities for further development of the business with Ajit leading the team.
“India’s financial outlook is very positive, and the country is experiencing major economic growth, presenting significant opportunities for firms operating in the region. Growth brings new risks and Gallagher offers a broad range of risk management and insurance expertise to help firms navigate the current trading environment.
“I would also like to take this opportunity to thank Sneha for her leadership over the past year and wish her every success for the future.”
Commenting on his new role, Ajit added: “I am excited by the prospect of taking the helm of Gallagher’s broking business in India, having the opportunity to lead its team of talented colleagues with the simple objectives of becoming the employer and advisor of choice. Together, we will harness the power of local capabilities and Gallagher’s global expertise for the benefit of our clients as we continue to ensure we provide them with first class advice and products that help protect their business from the evolving risks they face."