Gallagher Completes India Acquisition
Rebrands
Indian Entity to Global brand to drive further growth in the Indian market
Mumbai, March
14, 2022: Gallagher, a global insurance brokerage,
risk management and consulting services firm, today announced the rebranding of
its India business to the Gallagher global brand. The complete integration and
rebranding will be in effect from 14th March 2022. The rebranded entity
will be known as Gallagher Insurance Brokers Private Limited.
Gallagher
Insurance Brokers Private Limited is one of the
leading providers of risk management services, general insurance broking and
risk solutions in India. Established in 2005, the company is headquartered in
Mumbai with regional presence across Bengaluru, Bhubaneshwar, Chennai, Delhi, Gurugram,
Guwahati, and Kolkata.
Gallagher
acquired 30% of Edelweiss Insurance Brokers Ltd. in 2019, empowering the Indian
broker with a full array of advisory services, best practices, and product
innovation capabilities.
Subsequently, in
July 2021, Gallagher fully acquired the Indian broker, marking its maiden
presence in India and giving the company a footprint in the growing Indian
insurance market. The rebrand underscores Gallagher’s commitment to innovation
and customer excellence in the Indian market. The customers will continue to
benefit from the highest level of service in addition to gaining access to a
larger suite of insurance products and services under the Gallagher brand.
Vyvienne Wade, Chairperson of Global Broking in
Europe, Middle East, & Asia, Gallagher commented: “This marks the
first time the standalone Gallagher brand has been used in India and is a
significant step as we continue to expand our footprint globally. Our
partnership with the India team under the leadership of Vinay Sohani has been a
great success and this further alignment with our global business gives us a
springboard for future growth. We view India as a key growth market for
Gallagher given its size and scale, and we see many opportunities for further
development of the business with the current talented team in place.”
Vinay Sohani, MD
& CEO, Gallagher Insurance Brokers Ltd. added, “Being a fully integrated
part of Gallagher in India will add a lot of value to the business in the long
run bringing to our clients access to a larger and more sophisticated suite of
insurance products and best-in-class service standards. The integration is also
aligned with our company's ambitious business expansion and endeavour of
becoming India’s leading insurance and reinsurance broker, providing
pathbreaking risk management solutions. Moreover, it strengthens our risk
management expertise and puts us on an accelerated path to market leadership”
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