Lockton, a privately held global insurance brokerage firm, has received regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) to acquire Arihant Insurance Broking Services. This acquisition marks a significant step for Lockton as it seeks to expand its presence in the Indian market, which is increasingly demanding advanced risk consulting and management services.
Arihant Insurance Broking Services is part of the Arihant Capital Group, which has decided to sell its insurance broking business to concentrate on its core equity broking operations and explore new opportunities.
Lockton aims to leverage its extensive international expertise to provide tailored insurance solutions that meet the specific needs of Indian clients.
Sandeep Dadia, CEO and Country Head of Lockton India, emphasised the company’s commitment to fostering long-term partnerships with clients.
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