New Delhi, Aug. 11 -- Edme Insurance Brokers Ltd (formerly Aditya Birla Insurance Brokers Ltd) has acquired the Indian operations of London-based UIB Group in a strategic initiative to strengthen its value proposition.
UIB Group is a privately owned international insurance and reinsurance broker. Its Indian operation, UIB Insurance Brokers (India) Pvt. Ltd, extends the group's operations to India. Edme's acquisition will help the insurance broker gain exposure to reinsurance brokerage while also allowing the entity to access UIB's deep client relationships.
The company did not mention the amount at which the acquisition, which is subject to regulatory approvals, was made. Following completion of the applicable statutory process, the mer...
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