Marsh Acquires Majority Stake in Marsh India (Raises to 92%)
December 23, 2021
Marsh has increased its shareholding in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%, acquiring shares from local partners including Rampart Trust with approval from the IRDAI. The move gives Marsh majority control of the Mumbai-based broker (18 branches, ~1,300 employees, 5,500 corporate clients) to strengthen its presence and expand risk and insurance advisory services across India.
- Targets
- Marsh India Insurance Brokers Pvt. Ltd.
- Sellers
- Rampart Trust, Local partners
- Industry
- Insurance
- Location
- Maharashtra, India
- Transaction Type
- Buyout
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