AON ACQUIRES REMAINING 51% STAKE IN AON INDIA INSURANCE BROKERS

Global broker Aon has taken full ownership of Aon India Insurance Brokers after acquiring the remaining 51% stake in the company from Catamaran Ventures. Terms of the deal were not disclosed. Catamaran founded the broker as Anviti Insurance Brokers Pvt Ltd in 2016 and sold the initial 49% stake to Aon last year. Aon rebranded Anviti as Aon India Insurance Brokers in June. Sandeep Malik, executive chairman of Aon's Asia Pacific region, said: “This step reaffirms Aon's commitment to the Indian market and further enables us to create new sources of value for our clients, accelerate innovation and deliver a unique colleague experience." Catamaran president MD Ranganath said his company's "objective has always been to bring world-class business practices to India by partnering with global companies and to create value and jobs in India."