Indian FDI raise could drive broker M&A
India's insurance broking industry may see a rise in mergers and acquisitions if the proposed increase in the foreign direct investment limit is passed by parliament, according industry sources.
Arvind Laddha, chief executive of Vantage Insurance Brokers, told India's Business Standard: "The insurance broking industry is going through a phase of consolidation, and FDI is surely a catalyst.
"T
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