Ace Insurance Brokers, an Indian composite insurance broker, delivering comprehensive life and general insurance solutions to individuals, corporates, and institutions, has appointed Arvind Laddha as President.
In his new role, Laddha will report to Raj Ajmera and Anil Arora, the Founders and Promoters of Ace Insurance Brokers, who will continue as joint managing directors of the company.
He will work closely with the Ace leadership team to strengthen emerging business lines – including employee benefits and other specialised verticals.
Laddha has two decades of experience in health assurance, consulting, and insurance brokerage firms. He founded Vantage Insurance Brokers, which was acquired by JLT, and later became part of Marsh. Most recently, he served as the President of India at Mercer.
Additionally, the broker has appointed Puneet Kumar as Chief Financial Officer (CFO), who was most recently the CFO of Insurance Dekho, and Puneet Khurana as Head of Human Resources, who formerly served as Group Head, Human Resources at Policy Bazaar.
Ajmera and Arora commented, “We are excited to welcome Arvind Laddha, Puneet Kumar and Puneet Khurana to the leadership team of Ace. We believe that their combined experience and diverse strengths will be instrumental in shaping our next chapter of growth.
“India is one of the world’s largest underpenetrated insurance markets, experiencing significant growth, and with Blackstone – the world’s largest alternative asset manager with a track record of investing in insurance broking – as our partner, we are uniquely positioned to harness their scale, resources and reach to help capture the opportunities ahead.
“Through Blackstone’s introductions, we have managed to help Blackstone portfolio companies with better services, coverage and terms & conditions.”
Laddha added, “Joining Ace is a unique opportunity to help shape a business that is already redefining insurance broking in India. I’m inspired by Mr. Ajmera and Mr. Arora’s vision and the company’s commitment to delivering exceptional value to clients.
“I’m looking forward to working with the team and Blackstone to strengthen our customer relationships, expand our sales capabilities, and build innovative solutions that set new benchmarks for the industry, while being an employer of choice for talent in the insurance industry.”
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