Gallagher buys minority stake in Edelweiss Insurance Brokers Ltd

Through this partnership, Gallagher will be able to directly extend its global best practices, along with its full array of advisory services, to leading corporates in India

Arthur J Gallagher & Co (Gallagher), one of the world's largest insurance brokerage and risk management services firms, has acquired a minority stake by way of primary equity infusion in Edelweiss Insurance Brokers Limited (EIBL), post approval from the Insurance Regulatory and Development Authority of India (IRDAI). The latter is a subsidiary of Edelweiss Financial Services Limited.

EIBL had announced its partnership with Gallagher in May 2019, which brings together Gallagher's expertise in global markets and the operational excellence and distribution network of Edelweiss in India. Through this partnership, Gallagher will be able to directly extend its global best practices, along