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UK’s UIB group exits Indian re/insurance broking market, merges local JV with Edme

by AIP Online Bureau | Aug 11, 2025 | Indian News, Intermediaries, Reinsurance

The exact details of the deal has not been disclosed by either parties. UIB Group had a miniority stake in the Indian insurance broker with Indorama SPL Group and Lucas & Mayo Group as majority shareholders Mumbai: UK based UIB Group, one of the largest...

Lloyd’s broker UIB charged by UK over alleged Ecuador bribes

by AIP Online Bureau | Apr 19, 2025 | Intermediaries, International News, Non-Life, Policy, Reinsurance

UIB sold reinsurance services to state-backed insurers covering parts of the Ecuadorian public sector, including the state water and electricity companies between 2013 and 2016, the SFO said. The broker is accused of £3 million to intermediaries who then bribed an...

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