Vyvienne Wade, chairperson of Global Broking in Europe, Middle East, & Asia, Gallagher commented: “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. 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.”
Mumbai:
US based Gallagher, the fourth largest global re/insurance broker, rebranded of its India business to the Gallagher global brand.
The complete integration and rebranding will be in effect from 14th March 2022. The rebranded entity will be known as Gallagher Insurance Brokers Private Limited.
Gallagher had acquired 30 per cent of Edelweiss Insurance Brokers in 2019, empowering the Indian broker with a full array of advisory services, best practices, and product innovation capabilities.
Subsequently, in July 2021, Gallagher fully acquired the Indian broker, marking its maiden presence in India and giving the company a footprint in the growing Indian insurance market.
Vyvienne Wade, chairperson of Global Broking in Europe, Middle East, & Asia, Gallagher commented: “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. 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.”
Vinay Sohani, MD & CEO, Gallagher Insurance Brokers Ltd., added, “The integration is also aligned with our company’s ambitious business expansion and endeavour of becoming India’s leading insurance and reinsurance broker, providing path breaking risk management solutions. Moreover, it strengthens our risk management expertise and puts us on an accelerated path to market leadership.”