Global insurance broker Aon said it has increased its stake in Aon India Insurance Brokers Pvt Ltd. from 49 percent to 100 percent, acquiring the remaining share from Catamaran Ventures.
Aon acquired a 49% stake from Catamaran Ventures in the Indian broking firm Anviti Insurance Brokers Private Limited, in 2020. Anviti was founded by Catamaran in 2016 and subsequently rebranded as Aon India Insurance Brokers Private Limited in June 2021.
Sandeep Malik, executive chairman, Asia Pacific, Aon, said this step “reaffirms Aon’s commitment to the Indian market.”
Aon India Insurance Brokers Private Limited has 300 colleagues across nine locations in India.
Topics Mergers & Acquisitions Agencies Aon India
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