Niyam Group has received Lloyd's approval for its Syndicate 2047. The group has also announced the appointment of Mr Devesh Srivastava as its Chairman
Niyam Syndicate 2047 will support the development of the Indian (re)insurance market in alignment with India's Vision 2047.
Mr Devesh Srivastava is an Indian (re)insurance industry veteran with extensive experience across underwriting, institution-building, governance and leadership. His appointment strengthens Board oversight as Niyam advances its India and high-growth markets strategy.
Mr Srivastava said, “Niyam has a clear sense of purpose and a disciplined approach to building a reinsurance platform rooted in India while connected to global markets. The Group’s ambition to contribute meaningfully to India’s Vision 2047, supported by the strength and standards of Lloyd’s, is highly relevant.”
Syndicate 2047 President and Active Underwriter Sima Ruparelia said, “With approval now in place, our focus is on execution."
Niyam Group is focused on building a reinsurance platform that connects global capital with opportunities in India and other high-growth markets, supporting the development of the (re)insurance ecosystem.