The rebrand completes the integration of the firm into Gallagher, which first acquired a minority stake in Edelweiss Insurance Brokers Ltd (EGIBL) in 2019 and in 2021 acquired all the remaining shares in the business from Edelweiss Group, one of India's leading financial services firms.
Headquartered in Mumbai, with branches in Dehli, Kolkata and Bangalore, the firm offers general insurance solutions to clients across India. The business currently operates across four areas; corporate, affinity & association, reinsurance & global, and digital solutions. It employs circa 200 colleagues and the rebranding will see it fully integrate with Gallagher’s global operations, and enable the business to benefit from the growing brand investment and awareness.
Clients will continue to have the same day-to-day contacts at the firm, who understand their individual business and insurance requirements, but will benefit from the scale of Gallagher giving them access to a larger suite of insurance products and services and its expertise across 39,000 global employees.
Vyvienne Wade, Chairperson of Global Broking in Europe, Middle East, & Asia, Gallagher said: “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. 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.”
She added: “We continue to expand across Europe, Middle East and Asia, and are in advanced discussions with potential acquisitions as we continue to build the business in these geographies.”
Vinay Sohani, MD & CEO of Gallagher’s Indian business, added: “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. 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.”