Marsh raises stake in India arm to 92% from 49%
Marsh confirmed that it has expanded its shareholding in Marsh India Insurance Brokers to 92% from 49%.
The enhanced stake will facilitate Marsh to more effectively chase the increasingly complex desires of organizations across all areas of the fast-growing Indian economy and give an outlet from which it can further enhance its existence in the future.
Marsh International Holdings are placed in New York, United States and is the basis of the Agencies, Brokerages, and Additional Insurance Industry. Marsh India is a mutual endeavour between Marsh International and Rampart Trust. The business was ascertained in the year 2002 and gives insurance broking and stake supervision explanations. The organization also gives consulting and opportunity risk administration instructing.
Alex Moczarski, Chairman of Marsh McLennan International and chairman of the Marsh India board said that The decision to raise their stake in Marsh India reflects the success they had, and their ongoing commitment in bringing the best in global expertise to support clients in India.