Lloyd’s announced the appointment of Shankar Garigiparthy as country manager for India. In this new role Garigiparthy will be responsible for market development, representing Lloyd’s in discussions with regulators and building business relationships as Lloyd’s seeks to grow its presence in India.
Arun Agarwal, Lloyd’s general representative in India, will continue in his role providing expert guidance and counsel to Lloyd’s.
Garigiparthy brings over 23 years’ experience in financial services to the role and was most recently regional compliance manager for Lloyd’s, based in Singapore. Prior to this, Garigiparthy was director of insurance supervision at the Qatar Financial Centre Regulatory Authority, where he set up the regulatory framework for insurance companies in the QFC. In his early career, he worked for Lloyd’s in London in roles including senior regulatory officer and capital relationships manager.
Commenting on his appointment, Garigiparthy said: “I am very pleased to have the opportunity to lead Lloyd’s in India and to return to my home country at such an exciting time in the growth story of both India and Lloyd’s.”
“Shankar has been instrumental in helping Lloyd’s to grow in the Asia Pacific region, and I am delighted he will become Lloyd’s country manager in India,” said Kent Chaplin, Lloyd’s head of Asia Pacific. “His in-depth knowledge of Lloyd’s and the insurance industry will be an invaluable asset as we seek to grow Lloyd’s business in India.”
“India is an important part of Lloyd’s international Vision 2025 strategy to increase our support for the world’s fastest growing countries,” said Vincent Vandendael, director of Global Markets. “Shankar’s extensive experience in Asia, the Middle East and Europe make him the ideal person to lead the development of Lloyd’s presence in India and help to guide our support of the Indian insurance market.”