US-based Lockton makes Jaideep Sharma as CEO India
New Delhi, May 5: Jaideep (Jay) Sharma will assume the role of CEO of Lockton India, a subsidiary of US-based insurance-brokerage company.
Sharma will take up the new assignment while continuing as Regional Head of Specialties for Lockton Asia, and will be based in Mumbai, the company said in a statement.
In another leadership change in India, Dr Sandeep Dadia has transitioned from CEO to Non Executive Officer of Lockton India, continuing his connection to the business he established in 2024.
Sharma brings extensive global leadership experience across complex multinational operations, the company said in a statement.
He began his career with Marsh Aviation, later becoming CEO of Marsh Saudi Arabia, where he doubled revenues, improved margins, and led the firm to become the No.1 broker in the country for the first time in 40 years.
At Aon, he served as Market Leader for Connecticut, overseeing a 250‑person operation across Risk, Health, Wealth, and Human Capital, leading the office to win “Office of the Year” in 2018.
Recognized for fostering growth, improving performance, and building inclusive, high‑achieving teams, Sharma brings deep expertise across Specialties, facultative reinsurance, and talent development—strengthening Lockton’s ability to deliver market‑leading solutions to clients.
Dadia, as the CEO, utilized his passion as an entrepreneur to create the fastest growing new licensed broker in India, the company statement said.
“He provided the energy to transition the company from a start up into a fully operational broker and we know that, with Sandeep wanting to pursue entrepreneurial activities, other ventures will now benefit from this same zeal to grow new operations,” it said.
These changes have been effected as part of recalibration by Locktown of its leadership across Asia to better serve clients, drive growth, and elevate our specialist expertise, it said.
As part of this endeavour, the company announced that Nicholas Lee (Nick) has joined Lockton Sime as CEO Designate of Malaysia.
He brings more than two decades of experience across insurance broking, risk management, analytics, catastrophe modelling, bancassurance, and strategic consulting, the company said.
Nick returns to Lockton with a strong track record in strategic sales leadership, client advisory, and business growth across APAC.
Most recently, he served as Director, Head of Client Coverage, Insurance Solutions, APAC, at Moody’s Analytics, where he led regional client coverage, managed key accounts, and supported insurers, reinsurers, and brokers in catastrophe risk modelling, reinsurance optimisation, account modelling, portfolio analytics, AI-enabled insights, and digital transformation.
Beyond his corporate roles, Nick founded his own consultancy focused on emerging risks, strategic growth, and insurance transformation, advising insurers, reinsurers, and brokers on how to harness data, analytics, and AI to improve performance across the value chain.
He previously contributed to Lockton Singapore, where he supported major insurance programmes for landmark projects and multinational clients.
Nick brings strong capabilities in C-suite consulting, complex solution selling, portfolio and project management, and building long-term client partnerships. He is also passionate about developing talent through mentoring and industry engagement.
“Nick and Jay (Sharma) represent the very best of our industry—leaders with deep expertise, global perspective, and an uncompromising commitment to putting clients first,” said Tony Hardy, CEO of Lockton Asia.
All roles, where required, are subject to regulatory approval.
About Lockton
Founded in 1966 and headquartered in Kansas City, Missouri, Lockton has a strong presence in Asia, operating in over 24 offices across 12 countries, including key markets such as China, Hong Kong, India, Macau, Malaysia, Singapore, South Korea, the Philippines, Taiwan and Thailand.
