Aon Aims to Enhance Indian Presence with Acquisition of Global Insurance Brokers

Insurance giant Aon plc is poised to acquire Global Insurance Brokers in a strategic initiative aimed at enhancing its risk capital services and expanding its presence in India’s rapidly growing insurance market. The announcement was made on Thursday, with the deal subject to regulatory approval.

Upon completion, this acquisition will allow Aon to broaden its capabilities in commercial risk, health, and reinsurance sectors throughout India. As part of this integration, Global Insurance Brokers’ 17 offices will adopt Aon’s branding. The combined entity will be overseen by Jon Pipe, the CEO of Aon India Insurance Brokers Pvt Ltd.

This merger brings together over 850 employees from both companies, significantly increasing the ability to deliver comprehensive solutions to Indian businesses. Both Sandeep Malik, Aon’s Asia-Pacific region executive chairman, and Prabodh Thakker, founder of Global Insurance Brokers, have expressed enthusiasm about the prospects of the Indian market.

This acquisition follows Aon’s strategic decision last year to increase its stake in Anviti Insurance Brokers, acquired from Catamaran Ventures in 2021. The latest move with Global Insurance Brokers reflects Aon’s ongoing commitment to investing in India’s flourishing insurance landscape.

This article was generated with the support of AI and reviewed by an editor.