Business

AJG acquires Edelweiss Gallagher Insurance Brokers

Headquartered in Mumbai, with branches in Delhi, Kolkata and Bangalore, the company is an insurance/reinsurance broker offering general insurance solutions to clients across India

Arthur J. Gallagher and Co (AJG) has announced that it has purchased the remaining shares of Edelweiss Gallagher Insurance Brokers from Edelweiss Financial Services, following a minority investment in 2019, for an undisclosed amount.

Headquartered in Mumbai, with branches in Delhi, Kolkata and Bangalore, the company is an insurance/reinsurance broker offering general insurance solutions to clients across India.

It offers four business lines: corporate, affinity and association, reinsurance and global, and digital solutions.

J. Patrick Gallagher, Jr, chairman, president and CEO, said: “Our partnership with Edelweiss has delivered strong results and this new step provides an exciting opportunity to establish a broader Gallagher footprint in India.

“We are very pleased to welcome Edelweiss Gallagher Insurance Brokers as a fully-fledged part of Gallagher and to increase our reach in this important market.”

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