Welcome to My Blog

Here is a masonry blog layout with no sidebar

Marsh & McLennan to buy UK broker JLT for $5.7 billion

“ The complementary fit between our companies creates a platform to deliver exceptional service to clients and opportunities for our colleagues. ” said Dan Glaser, President and Chief Executive Officer of MMC.

Both the re/insurnace brokers have operations in India in the form of joint ventures. JLT hold 49 per cent in the local venture while Marsh, has stakes of 26 per cent in the Indian company. Marsh is the largest re/insurer broker in India.     

Insurance industry to touch $280 billion by FY20: Assocham

“The Indian insurance industry is expected to grow to USD 280 billion by FY2020 with the government’s flagship Ayushman Bharat and other growth drivers like rising disposable incomes, presence of global players and easing of the regulatory regime, helping penetration of the insurance culture in the country,” the study noted.