Catamaran Ventures, promoted by former Infosys Chairman NR Narayana Murthy, has bought 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, government chairman, Asia Pacific, Aon, mentioned, “We’re pleased 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.”