Marsh India Insurance Brokers all set to acquire other firms

Marsh India Insurance

Marsh India Insurance Brokers, which is an insurance broking firm, said on October 16 that they will acquire JLT Independent Insurance Broker, which is a joint venture between Jardine Lloyd Thompson Group plc (JLT Group) and India-based Sunidhi Group.

The transaction is expected to close in the first quarter of 2020 is subject to regulatory approvals and the execution of a definitive purchase agreement. It follows the acquisition of JLT Group by Marsh & McLennan Companies, which was completed on April 1, 2019.

JLT Independent has appointed Mohit Agarwal, formerly Employee Health & Benefits Leader of Marsh India, as CEO with immediate effect, in conjunction with the agreement in principle.

Alex Moczarski, Chairman of Marsh and McLennan International and Chairman of the Board of Marsh India, said that the collaboration of Marsh India and JLT Independent will empower us to carry worldwide mastery to customers crosswise over India.

In the present questionable business condition, companies need to approach a wide scope of hazard and protection guidance to enable them to explore vulnerabilities and continue growing

JLT Independent launched its India operations in December 2014. JLT Group holds 26 percent and Sunidhi Group holds 74 percent in the JV.

In October 2016, JLT Independent Insurance Brokers had obtained the matter of Vantage Insurance Brokers. In 2018, JLT Independent had crossed the Rs 1,000-crore mark in business from its India operations.

Country Head and CEO of Marsh India, Sanjay Kedia, said that with shared customer-driven values and assurance to the most significant levels of integrity, the collaboration will be India’s transcendent expert administrations firm in the regions of hazard, technique, and individuals.

 

 

 

Shreyas Tanna

About Shreyas Tanna

The winner of Mr. Pune 2009 Pageant, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called Research N Reports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Markets Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and ResearchMoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. ResearchMoz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”

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