Assurex Global, a private commercial insurance, risk management, and employee benefits brokerage group, has announced the addition of Prudent Insurance Brokers Pvt. Ltd., based in Mumbai, India, to the Assurex Global Partnership as of May 1.
Established in 2005, Prudent Insurance Brokers began as an intermediary for TATA-AIG General Insurance Co. Ltd., focusing primarily on the Mumbai market. The company quickly expanded by opening branches in Delhi and Bengaluru/Bangalore, experiencing annual business growth of over 20 percent. Today, Prudent Insurance Brokers is recognised as India’s second-largest commercial lines broker.
The Partnership already includes J B Boda & Co. Pvt. Ltd. in Mumbai. Prudent Insurance Brokers employs a team of over 1,200 professionals, providing expertise across various sectors, including automotive, chemicals, alternative energy, hospitality, manufacturing, pharmaceuticals, professional services, technology/telecommunications, and warehousing/logistics. They also offer a specific programme for motor carriers.
“The addition of Prudent Insurance Brokers to our partnership will give us another strong firm in our Asia/Pacific region as we continue to strengthen our reach and capabilities worldwide,” commented Assurex Global President & CEO Dean Hildebrandt. “This new addition of yet another best-in-class broker helps us further our practice of active participation in our Partner Firms’ growth by complementing our existing presence in India, which boasts a vibrant and rapidly growing insurance market.”
“We are incredibly excited to join the esteemed Assurex Global Partnership,” added Pavanjit Singh Dhingra, Jt. Managing Director, Prudent Insurance Brokers. “This partnership allows us to expand our global network, align with the world’s top independent brokers, and provide even more personalisd and superior services to our valued clients.”
