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Lloyd's, the world's specialist insurance and reinsurance market, announced the appointment of Shankar Garigiparthy as Country Manager for India. In this new role, he 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 in Singapore for Lloyd's.
Prior to this, Shankar 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.
"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," said Garigiparthy.
Vincent Vandendael, Director of Global Markets, said that India is an important part of Lloyd's international Vision 2025 strategy to increase our support for the world's fastest growing countries.