Willis Towers Watson acquires 49% stake in Indian brokerage firm

New Delhi, July 7: Global advisory, broking and solutions company Willis Towers Watson on Friday announced that it has acquired a 49 per cent stake in Almondz Insurance Brokers in India.

"There is increasing market interest and demand for broking services built around a deep expertise in risk management, analytics and differentiated products. This combination of Willis Towers Watson's global experience and Almondz's local expertise, and our common focus on superior client service, will reap added benefits for our clients, employees and the insurance and reinsurance sector in India," said Rohit Jain, Chairman, Almondz Insurance Brokers Private Limited.

"The joint venture enhances our position in India in terms of talent, expertise and experience. Our clients will have access to data-driven insights powered by best in-class analytical and technology capabilities and to talent with deep sector and industry expertise," said Scott Burnett, Head of Asia, Willis Towers Watson.

Almondz Insurance Brokers has operations in nine cities across India -- Delhi, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Pune, Ahmedabad and Vadodara