Marsh, headquartered in New York City is a global professional services firm that provides insurance brokering. Marsh increases its shareholding in Marsh India from 49% to 92%.
Marsh India is a joint venture between Marsh International and Rampart Trust. The company was established in the year 2002 and provides insurance broking and risk management solutions. The company also offers consulting and alternative risk management advising.
The improved funding will help Marsh to meet more complicated demands and needs of the corporation throughout all the sectors keeping in mind the fast-growing Indian financial system.
Alex Moczarski, chairman of Marsh McLennan Worldwide and chairman of the board of Marsh India, stated, “That is thrilling funding for Marsh that can additional our management place in one of many world’s most dynamic markets. For our purchasers, rising provide chained menace, and the impacts of the pandemic imply that they want the perfect danger and insurance coverage recommendation to assist them navigate an more and more complicated danger panorama. The choice to our boost our stake in Marsh India displays the success we have now had, and our ongoing dedication, in bringing the perfect in world experience to assist purchasers in India”.