Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has completed the purchase of a minority stake in Edelweiss Insurance Brokers Ltd. (EIBL), a subsidiary of India’s leading diversified financial services conglomerate, Edelweiss Group.
Financial details of the transaction, which was first announced in May 2019, were not disclosed.
Headquartered in Mumbai, with branches in Dehli, Kolkata and Bangalore, EIBL is a fast-growing corporate insurance broker offering general insurance solutions to institutional as well as individual clients across India, said Arthur J. Gallagher & Co., in a statement issued when the deal was first announced in May.
Source: Arthur J. Gallagher & Co.
Topics Agencies A.J. Gallagher India
Was this article valuable?
Here are more articles you may enjoy.
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals 
Models Stripped of Insurance Cover for Club’s Unauthorized Use of Their Images 
FDA Says It’s Investigating Another Cyclospora Parasite Outbreak 
Why El Ni帽o’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
