Aon has launched its life and health reinsurance practice in India, with Renuka Nar appointed as head of broking.
Nar will report to Shailendra Sapra, CEO of Reinsurance Solutions in India at Aon, and will be responsible for expanding the firm’s offerings through collaboration with reinsurance markets across Asia Pacific.
In addition, Neha Shah has been named chief actuary for the practice, also reporting to Sapra.
Aon’s life reinsurance broking team boasts more than 40 specialists in the Asia Pacific region.
The firm states that the new practice aims to attract fresh capital to the sector, support better decision-making for clients, and address key challenges such as capital optimisation, risk analysis, and pricing complexities, all while driving market growth.
The practice seeks to align with Indian government goals by facilitating cross-border reinsurers’ entry into the local insurance market.
It will support insurers by managing capital positions, reducing financial volatility, and enhancing product design and distribution.
Sapra says: “We are excited to launch our new life and health reinsurance practice in India, which is designed to accelerate the growth of this market and address important client needs through new solutions and capacity.
“With Renuka and Neha taking leadership roles, we are confident that this new capability will help to shape better business decisions for our clients in this sector.”