Former PROACT Australia co-founder Dave Stott will lead the rebranded business, bringing three decades of experience across underwriting, broking and international markets.
The life insurer will extend access to unit trusts through its tied-agency representatives from 2027 across a network of 5,400 financial representatives.
The name change, which took effect on 22 September, follows efforts by UK-based joint venture partner Prudential to transition from promoter to investor status in the insurer.
The move removes the requirement for prior regulatory approval to repatriate dividends and aligns intermediary rules with India's revised insurance and foreign investment framework.
The offering provides SMEs with bundled coverage tailored to their unique risk profiles, eliminating the need to purchase and manage multiple policies.
He joins Lockton after a 15-year stint at Zurich Insurance, where he held various underwriting, portfolio management and executive leadership roles across the UK and Australia.
He brings more than 18 years of experience in the life insurance sector spanning risk management, actuarial science, financial risk and capital management.
