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Home Business

Catamaran sells 51% stake in insurance broking JV to Aon

by Bestloancredits
September 2, 2021
in Business
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Catamaran Ventures, promoted by former Infosys Chairman NR Narayana Murthy, has offered its 51 per cent stake in Aon India Insurance coverage Brokers Pvt Ltd to Aon plc of the UK. Aon’s stake within the Indian dealer will now rise from 49 per cent to 100 per cent.

Aon had acquired a 49 per cent stake from Catamaran Ventures within the Indian composite broking agency, Anviti Insurance coverage Brokers Pvt Ltd in 2020. Anviti was based by Catamaran in 2016 and subsequently rebranded as Aon India Insurance coverage Brokers in June 2021.

Sandeep Malik, govt chairman, Asia Pacific, Aon, mentioned, “We’re blissful to have labored with Catamaran.” MD Ranganath, president, Catamaran Ventures, mentioned, “We wish to thank Aon for the profitable collaboration through the years and need them a rewarding journey forward.”

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Bestloancredits

Bestloancredit is a next generation news blog which will give latest trends and information of all Breaking news on Politics, Business, Sports, Bollywood, technology, science & health. Politics, World, India, Current affairs.

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