Howden promotes recent acquisition to top post in India for new growth
Re/insurance broker Howden has given the reins in India to Marsh-JLT veteran it pulled on board as recently as 2019 as it seeks to accelerate growth towards the nation’s brokerage podium by 2026 from its position of sixth largest Indian broker today.
Amit Agarwal (pictured) might fire up a hiring spree at the unit to build from the current base of over 300 people operating across offices in Mumbai, Delhi, Bangalore, Chennai, Kolkata, Pune and Hyderabad.
Howden has tasked the new CEO with “attracting top industry talent through an empowered and employee-owned culture that allows its people to build a business for the long-term,” Howden said in its announcement. Agarwal must further push the drive for innovation and expand the of its product offering
Agarwal takes over from former CEO Praveen Vashista who is set to step up to the position of chairman. Agarwal came to Howden in 2019 as a managing director and led the liability & specialty risks practice. Prior to this, Agarwal had been with JLT’s financial lines and credit & political risk team in Mumbai. He has also held roles with Marsh and UIB.
Howden’s CEO for international growth markets Sonia Caamaño said: “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.”
Agarwal said: “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 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.”
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