Global re/insurance broker Aon has acquired a 49% equity stake in Anviti, an India-based provider of reinsurance, insurance broking & risk management insurance services.
It’s hoped this strategic investment will enable Anviti, a company promoted by institutional investor Catamaran Ventures, to bolster its operations in the country while leveraging support from Aon.
Upon closure of the deal, Anviti will transition to using the Aon brand.
Anviti’s team will continue to lead its operations in India while accessing Aon’s technology and operations infrastructure.
Jonathan Pipe, Chief Executive Officer of Anviti, will continue to lead the team.
“I am excited to transition Anviti into the Aon world as we continue to help Indian businesses prepare for the new better,” said Pipe.
“We have strong capabilities in India and have established trusted advisory relationships since we started operations in 2017. I look forward to building upon this platform and accelerating results for our clients, colleagues and communities.”
Sandeep Malik, CEO, Asia Pacific, Aon added, “I welcome the Anviti team to the Aon family. We are excited about the innovation that Aon can bring to our clients in India, create exciting new opportunities for our colleagues and realise the full potential of our firm in a dynamic market.”
M.D. Ranganath, President, Catamaran Ventures, explained, “We welcome Aon as a partner strengthening Anviti’s presence as a leading, well-respected corporate insurance broking firm in India.
“Anviti aims to deliver client value with utmost integrity and this partnership with Aon will further catalyse the next course of growth for Anviti.”