[ad_1]
International skilled companies firm Aon has closed the acquisition of International Insurance coverage Brokers (GIB), enhancing its footprint within the Indian market.
The deal, agreed in October 2023, is anticipated to bolster Aon’s broking and advisory companies within the industrial danger, well being and reinsurance sectors.
GIB is now an entirely owned subsidiary of Aon and can start formal integration with Aon India Insurance coverage Brokers (AIIB) after the Nationwide Firm Legislation Tribunal merger course of concludes, which is anticipated later this yr.
Till then, GIB will function independently inside Aon.
As a part of the transaction, Rishi Mehra, the newly appointed head of Aon for India, is about to change into the chairman of the GIB board, though the transfer is contingent on customary approvals.
As well as, Jon Pipe, CEO and principal officer of AIIB, alongside GIB’s present govt management, will collaborate with Mehra to help shoppers in defending and rising their companies.
Entry essentially the most complete Firm Profiles
available on the market, powered by GlobalData. Save hours of analysis. Achieve aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain electronic mail will arrive shortly
We’re assured in regards to the
distinctive
high quality of our Firm Profiles. Nonetheless, we wish you to take advantage of
useful
choice for your online business, so we provide a free pattern that you may obtain by
submitting the beneath type
By GlobalData
With the addition of GIB, Aon’s built-in staff measurement in India will develop to greater than 1,100, furthering the corporate’s Aon United technique.
After the merger course of is finalised, GIB will undertake the Aon model.
GIB outgoing chairman Prabodh Thakker added: “The Indian insurance coverage market has developed considerably throughout my time as GIB’s chief and Aon’s capacity to ship capabilities in Threat Capital and Human Capital makes them well-placed to take the enterprise ahead.
“GIB shoppers will profit from Aon’s international sources and superior capabilities whereas GIB colleagues can have thrilling new alternatives to ship consumer worth in a dynamic market.”
Established in 1973, GIB is a broking firm in India with 17 workplaces. The corporate presents an array of companies together with danger consulting, insurance coverage placement, danger administration and claims administration.
[ad_2]
