Insurer broker Aon has acquired a 49 percent equity stake in Anviti Insurance Brokers Pvt. Ltd, a fast-growing, composite broking firm in India.

Anviti will transition to the Aon brand pending regulatory approvals. Financial details of the deal were not disclosed.

The Anviti team will form the core of the joint venture and its growth plans in India, supported by Aon’s global resources and technology and operations infrastructure. Jonathan Pipe, CEO of Anviti, will continue to lead the team.

“I am excited to transition Anviti into the Aon world as we continue to help Indian businesses prepare for the new better. We have strong capabilities in India and have established trusted advisory relationships since we started operations in 2017. I look forward to building upon this platform and accelerating results for our clients, colleagues and communities,” said Pipe.

Source: Aon

*This story ran previously in our sister publication Insurance Journal.