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December 23, 2021updated 05 Jan 2022 1:25pm

Insurance broker Marsh increases stake in Indian JV to 92%

US-based insurance broker and risk advisor Marsh has increased its shareholding in Indian joint venture Marsh India Insurance Brokers from 49% to 92%.

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The transaction is aimed at enabling Marsh to meet the complex needs of clients across all sectors in the Indian insurance space.

Marsh’s Indian arm was established as a joint venture between Marsh International and India-based Rampart Trust in 2003.

Marsh has acquired the shares from some local partners and the entire stake of the Rampart Trust for an undisclosed sum.

The insurer stated that Marsh India was one of the first foreign insurance brokers to be registered as a composite broker with the country’s regulator.

The deal has been approved by the Insurance Regulatory and Development Authority (IRDAI).

Marsh McLennan International chairman and chairman of the board of Marsh India Alex Moczarski said: “This is an exciting investment for Marsh that will further our leadership position in one of the world’s most dynamic markets. The decision to raise our stake in Marsh India reflects the success we have had, and our ongoing commitment, in bringing the very best in global expertise to support clients in India.”

Marsh India has 18 branches across the country and its team of 1,300 caters to over 5,500 corporate clients across all business spheres.

Marsh Asia region CEO David Jacob said: “The increased stake in Marsh India will further our leadership across the Asia region. As the local economy is forecast to continue its high-growth trajectory, we will now further develop our local client offering especially in sectors providing significant opportunities such as healthcare, infrastructure and construction, technology, and the sharing economy.”

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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