Sneha Gokarn, CEO and principal officer of Gallagher, India
“Sneha, who has been a board member and executive director of our business a number of years has extensive experience in both the Indian insurance market and Gallagher, and we are delighted Sneha will be leading our business going forward. Her expertise makes her an invaluable asset as we focus on the next phase of our growth and development,” said Emma Banks, external communications director, EMEA ,Gallagher
Mumbai:
US based Gallagher, the fourth largest international re/insurance broker, has appointed a new CEO, Sneha Gokarn, in its India operations, after its earlier long term serving CEO Vinay Sohani quit the company.
Gokarn has been appointed CEO and principal officer of Gallagher’s business in India, subject to regulatory approval, said Emma Banks, external communications director, EMEA ,Gallagher.
“Sneha, who has been a board member and executive director of our business a number of years has extensive experience in both the Indian insurance market and Gallagher, and we are delighted Sneha will be leading our business going forward. Her expertise makes her an invaluable asset as we focus on the next phase of our growth and development, said Banks.
Sohani, who was the previous CEO, has left Gallagher, confirmed Banks.
Gallagher employs 180 people in its Indian broking business and is well known aviation re/insurance broker in the world.
It is also involved in placing the Air India reinsurance deal , after the company was sold to Tata Group by the Indian government, in the London market .
There is also a buzz in the Indian insurance broking market that Gallagher was actively pursuing a take over deal with another domestic reinsurance broker Ace, known for handling big PSU accounts.
Though, sources at Gallagher had confirmed about the possibility of a deal earlier, nothing has happened about it of late.
Gallagher operates with almost another half a dozen of foreign brokers and around 700 domestic brokers in Indian market, where over Rs 40,000 crore of commission is channelised through the brokers annually.