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Based in 1973, World Insurance coverage Brokers is a well-respected composite broking agency in India delivering threat administration, insurance coverage and reinsurance broking providers throughout 17 places of work.
The transaction will broaden Aon’s present capabilities throughout the industrial threat, well being and reinsurance markets and can additional place Aon as a number one threat advisor in India.
Upon completion, World Insurance coverage Brokers will transition to Aon’s model and working mannequin, beneath the management of Jon Pipe, chief government officer of Aon India Insurance coverage Brokers Pvt Ltd., bringing collectively a mixed staff of greater than 850 colleagues.
Sandeep Malik, government chairman for Aon’s Asia-Pacific area, commented: “The Indian insurance coverage market is growing quickly, and this acquisition displays our dedication to the Indian market in addition to to serving to our purchasers navigate volatility and make higher selections in a fast-changing setting.”
Jon Pipe added: “Our purchasers are going through more and more complicated dangers and evolving regulatory necessities. The mixed capabilities of World Insurance coverage Brokers and Aon will enable us to raised serve our purchasers throughout India in new geographies and industries.”
Prabodh Thakker, founder and chairman of World Insurance coverage Brokers mentioned: “We’re excited in regards to the alternative to convey collectively the expertise and functionality of our two corporations. World Insurance coverage Brokers shares widespread values with Aon and by becoming a member of collectively we might be higher positioned to drive innovation, develop expertise and ship enhanced options to assist firms in India develop and shield their companies.”
Aon and World Insurance coverage Brokers will proceed to function independently till the transaction is accomplished, which is predicted within the coming months.
Learn extra about Aon’s capabilities in India right here.
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