American brokerage firm Arthur J. Gallagher has wrapped the acquisition of a minority stake in Edelweiss Insurance Brokers.

The transaction was completed after it received approval from the Insurance Regulatory and Development Authority of India (IRDIA).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Edelweiss Insurance Brokers is a subsidiary of Indian diversified financial services conglomerate Edelweiss Group.

The acquired firm offers general insurance solutions to institutions and individuals and reinsurance solutions to insurance companies.

Edelweiss Insurance Brokers, which started operations in 2005, also has branches in Delhi, Kolkata and Bangalore.

The stake sale part of Edelweiss’ strategy to partner with foreign firm to expand its financial services businesses.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In March, Canadian pension fund CDPQ agreed to invest nearly $250m in ECL Finance, the non-banking financial arm of Edelweiss Group.

In February, it announced that that Allianz Investment Management invested $200m in its private debt platform.

At the time of announcing the deal in May this year, Arthur J. Gallagher chairman, president and CEO J. Patrick Gallagher, Jr. said: “EIBL presents an exciting opportunity to expand Gallagher’s commercial insurance footprint in India, in keeping with our growth strategy to invest in market-leading businesses that broaden our specialist capabilities and diversify our geographic presence.

“We are very pleased to partner with EIBL and broaden our reach in this important market.”

Gallagher currently has operations in 48 countries, It offers client service capabilities in more than 150 nations through a network of brokers and consultants.