Miller appoints Sailesh Divakaram as Head of Treaty Asia

Miller, an independent specialist insurance and reinsurance broker, has appointed Sailesh Divakaram as Head of Treaty Asia. The appointment signals a strategic move to capitalize on growth within the Asian reinsurance market.

Expanding Regional Capabilities

Divakaram will be based in Miller’s Singapore office and will report directly to Richard Broad, Head of Treaty (Asia Pacific). Together, they will concentrate on expanding Miller’s treaty reinsurance capabilities across the region, positioning it as a key component of the broker’s broader global reinsurance platform.

Extensive Industry Experience

Sailesh Divakaram brings over 30 years of experience in the re/insurance industry, encompassing broking, underwriting, and risk management. He joins Miller after eight years at Gallagher Re, where he served as Executive Director, leading the development of their treaty business in Asia. Prior to Gallagher Re, he held a position within the treaty division at Guy Carpenter.

Did You Know? Divakaram’s previous roles include experience in both broking and underwriting, providing a comprehensive understanding of the reinsurance landscape.

Richard Broad commented on the significance of the appointment, stating that the Asian Treaty market presents a substantial growth opportunity for Miller. He emphasized the company’s long-term commitment to the region and its investment in attracting top industry talent.

Divakaram expressed his enthusiasm for joining Miller, highlighting the opportunity to deliver the firm’s services to its growing client base in Asia. He described Miller as a “genuine alternative broker” and expressed excitement about enhancing the regional treaty market with Miller’s global capabilities.

Expert Insight: This appointment demonstrates a clear intent by Miller to strengthen its position in the competitive Asian reinsurance market, leveraging Divakaram’s extensive experience to drive growth and expand its client base.

The focus on treaty reinsurance suggests Miller anticipates continued demand for risk transfer solutions in the region, potentially driven by increasing economic activity and evolving risk profiles.

Frequently Asked Questions

What is Sailesh Divakaram’s new role?

Sailesh Divakaram has been appointed as Head of Treaty Asia at Miller, reporting to Richard Broad.

Where will Divakaram be based?

Divakaram will be based in Miller’s Singapore office.

What was Divakaram’s previous role?

Divakaram was previously Executive Director at Gallagher Re, responsible for building out its treaty business in Asia.

How might this appointment affect the Asian reinsurance market?