Aon sets sights on Indian broking market with Anviti stake
Global broking giant Aon has acquired 49 percent equity stake in India-based Anviti Insurance Brokers, signaling its re-entry and intent to expand further in the country's "dynamic" insurance market.
Licensed since 2017, Anviti is a corporate insurance broker providing insurance and reinsurance services from its eight offices in India.
The deal will see Anviti, backed by institutional investor Catamaran Ventures, transition to the Aon brand with its team continuing to lead its operations in India.
The strategic investment will enable Anviti to further strengthen its operations in the country, supported by Aon’s global resources, technology and operations infrastructure.
Sandeep Malik, Aon's Asia Pacific CEO, said: “I welcome the Anviti team to the Aon family. We are excited about the innovation that Aon can bring to our clients in India, create exciting new opportunities for our colleagues and realise the full potential of our firm in a dynamic market.”
Jonathan Pipe, CEO of Anviti, said: “I am excited to transition Anviti into the Aon world as we continue to help Indian businesses prepare for the new better. We have strong capabilities in India and have established trusted advisory relationships since we started operations in 2017. I look forward to building upon this platform and accelerating results for our clients, colleagues and communities.”
MD Ranganath, president of Catamaran Ventures, commented: “We welcome Aon as a partner strengthening Anviti’s presence as a leading, well-respected corporate insurance broking firm in India. Anviti aims to deliver client value with utmost integrity and this partnership with Aon will further catalyse the next course of growth for Anviti.”
