Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

Lockton gets IRDAI nod to acquire Arihant Insurance Broking

The insurance brokerage firm plans to leverage its international expertise and deep industry knowledge to deliver bespoke insurance solutions tailored to the unique needs of the Indian market.

Lockton gets IRDAI nod to acquire Arihant Insurance Broking

Tuesday October 29, 2024 , 2 min Read

Privately held insurance brokerage firm Lockton has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) to acquire Arihant Insurance Broking Services Limited.

This marks Lockton's strategic expansion into the Indian market where it aims to address the growing demand for advanced risk consulting and management services, the company said in a statement.

Arihant Insurance Broking Services Limited is a part of Arihant Capital Group. Arihant Capital Markets decided to sell its insurance broking business to focus on its core equity broking arm and explore other business opportunities, according to the statement.

“We are excited to receive the approval at a time when there is a significant demand for robust risk management solutions… As we establish this new venture, backed by Lockton’s global resources, we are committed to making a positive impact in the Indian insurance sector,” said Dr Sandeep Dadia, CEO and Country Head, Lockton India.

Also Read
Go Digit faces IRDAI show-cause notice over excess expenses in FY24

Lockton, which has more than 135 offices globally, plans to leverage its international expertise and deep industry knowledge to deliver bespoke insurance solutions tailored to the unique needs of the Indian market.

“This move is part of Lockton’s broader vision to enhance its footprint in key emerging markets,” the statement read.

(The story was updated for clarity.)


Edited by Swetha Kannan