Insurance brokerage Edme takes over UIB International's India branch in a recent deal.
Edme Insurance Brokers and UIB Insurance Brokers (India) Merge to Bolster Reinsurance and Broking Capabilities
In a significant move to strengthen its reinsurance and broking capabilities, Samara Capital-backed Edme Insurance Brokers has announced the acquisition of the Indian operations of UIB Group. This merger, which includes UIB Insurance Brokers (India) Pvt. Ltd, follows regulatory approvals and marks the end of the strategic review and sale process for UIB International in UIB Insurance Brokers India.
The merger will result in the merger of UIB Insurance Brokers India with Edme, creating a comprehensive insurance distribution network across India. The specific regulatory approvals required for the integration of businesses in India are not mentioned.
Sanjay Radhakrishnan, CEO of Edme Insurance, stated that the combined entity will have size and scale, giving it a real purpose. The merged entity plans to offer value-accreditive insurance solutions and tech-enabled risk management solutions to clients in the Indian market.
Radhakrishnan also stated that Edme is already evaluating acquisition opportunities in Dubai and Singapore, aiming to expand its global footprint.
UIB International is the holding company of the London-based UIB Group, one of the largest privately-owned independent international insurance and reinsurance brokers. UIB will bring in significant capability in reinsurance, oil and gas, and banking to the merged entity.
The combined entity is expected to have a significant presence in wholesale, reinsurance, and retail broking. Edme will bring in capabilities on certain other lines of businesses, including metals and mining, infrastructure, power, construction, and autos.
While the combined revenue of the entities after the acquisition and merger announced on August 11, 2025, is not publicly disclosed in the available sources, the deal aims to strengthen Edme’s reinsurance business and expand its pan-Indian insurance distribution.
The transaction is a collaboration with majority shareholders Indorama SPL Group and Lucas & Mayo Group. The specific transaction amount and subsequent combined revenue or financial impact have not been publicly shared by either party or regulatory filings as of August 19, 2025.
This move by Edme Insurance Brokers is part of its strategy to pursue growth through acquisitions, aiming to solidify its position as a leading insurance broker in India and beyond.
