Edelweiss Gallagher will now just be known as Gallagher.
The rebranding completes the integration of Edelweiss Insurance Brokers into Gallagher, a process that began in 2019 when the latter bought a minority share in the firm from Edelweiss Group. Then, last year, Gallagher purchased the remaining shares in the business.
Headquartered in Mumbai, with branches in Dehli, Kolkata, and Bangalore, the firm offers general insurance solutions to clients across India. The business currently operates across four areas; corporate, affinity & association, reinsurance & global, and digital solutions. It employs around 200 colleagues and the rebranding will see it fully integrate with Gallagher’s global operations, and enable the business to benefit from the growing brand investment and awareness.
Vyvienne Wade, chairperson of Global Broking in Europe, Middle East, & Asia, Gallagher said: “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. Our partnership with the team in Edelweiss Gallagher under the leadership of Vinay Sohani has been a great success and this further alignment with our global business gives us a springboard for future growth. 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.”
She added: “We continue to expand across Europe, Middle East and Asia, and are in advanced discussions with potential acquisitions as we continue to build the business in these geographies.”
While Gallagher originally announced plans to fully acquire Edelweiss in July 2021, it was not until October when permission from the Insurance Regulatory and Development Authority of India.
