Amit Agarwal has been named the Chief Executive Officer (CEO) of Howden India, starting August 1st, according to the global insurance giant. Praveen Vashista, who formerly held the office of Chairman, is replaced by Agarwal. The company's ambitious growth goals and desire to be a major broker in one of the world's fastest-growing insurance markets by 2026 are highlighted by Agarwal's hiring.
Agarwal's mandate will include carrying out the company's commitment to innovation, growing its product line, and integrating local knowledge in India for the benefit of its customers. Howden claims that in order to carry out this plan, it will recruit the best professionals in the field by fostering a "empowered and employee-owned culture that empowers its people to build a business for the long term."
Sonia Caamaño, CEO, International Growth Markets, commented on the appointment: “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 oversaw the Liability & Specialty Risks practice at Howden India before joining the company in 2019 as Managing Director. Agarwal had previously worked in Mumbai for JLT's Financial Lines and Credit & Political Risk unit for four years in the capacity of Director. Additionally, he has worked at Marsh and UIB.