Gallagher rebrands Indian business

Move follows industry giant's full acquisition of the firm last year

Gallagher rebrands Indian business

Insurance News

By Gabriel Olano

India-based broking company Edelweiss Gallagher will do business under the Gallagher brand, following the global brokerage’s buyout of the company last year.

The rebrand is part of the firm’s integration into Gallagher, which first acquired a minority stake in Edelweiss Insurance Brokers in 2019. Last year, Gallagher acquired all the remaining shares in the business from Edelweiss Group.

Gallagher’s Indian business is headquartered in Mumbai, with branches in Dehli, Kolkata and Bangalore, and has around 200 employees. It offers general insurance in four business areas – corporate, affinity and association, reinsurance and global, and digital solutions.

Gallagher said the rebranding will allow the Indian entity to fully integrate with Gallagher’s global operations and enable the business to benefit from the growing brand investment and awareness. Business will continue as usual for clients, with their day-to-day contacts at the firm remaining unchanged.

“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,” said Vyvienne Wade, Gallagher’s chair of global broking in Europe, Middle East and Asia “Our partnership with the team in Edelweiss Gallagher, 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.”

 Wade said that Gallagher is eyeing further expansion Europe, Middle East and Asia, and the company is in “advanced discussions” with potential acquisitions.

“We are very pleased with this development, as it positions us well for further growth in our current areas of expertise and provides us with opportunities to assist clients across additional industries and offer broader services and expertise,” Sohani said. “Clients can be reassured that our existing team remains in place, and they will continue to receive the same high-quality service from the individuals they know.”

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