Gallagher buys majority stake in Indian insurance JV
Posted On: Oct. 19, 2021 9:42 AM CST![M&A](https://bicontent.businessinsurance.com/6acfd74a-c4da-431b-9ffe-4c15c7a1a5d2.jpg)
U.S.-based insurance broker Arthur J. Gallagher & Co. has acquired a majority stake in India-based Edelweiss Gallagher Insurance Brokers Ltd. from partner Edelweiss Financial Services Ltd., The Hindu reported. With this, EGIBL is no longer a subsidiary of Edelweiss. Gallagher now owns 91% of EGIBL.