JLT acquires stake in Sunidhi Group broking subsidiary
Jardine Lloyd Thompson has completed the acquisition of a 26% shareholding in Independent Insurance Brokers Private, the Mumbai and Chennai-based insurance and reinsurance broking subsidiary of Indian financial services business Sunidhi Group.
Upon completion, the business will be rebranded as JLT Independent and report to Duncan Howorth, CEO of JLT Asia.
The investment in IIB signals JLT's intention to collaborate with the Sunidhi Group to
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