Aon sells out of Indian JV: reports
Indian broker Global Insurance Services has reportedly bought
Aon's entire 26 percent stake in the firm for an undisclosed
sum.
The broker, which was known as Aon Global Insurance Brokers
until the London-based intermediary relinquished its stake, was
established as a joint venture in 2001. Aon invested 6.2mn rupees
($962,400) for its 26 percent holding.
In 2015, Aon announced that it intended to exit the Indian joint
venture, citing "regulatory changes". Several media
outlets reported at the ti
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