New Delhi: London-headquartered Howden Insurance Broking on Thursday said it has received approval from the Insurance Regulatory and Development Authority of India (Irdai) to increase its stake in Howden Insurance Brokers India Pvt Ltd (“Howden India”) to 100%. Is. Now from 49%, subject to approval from Reserve Bank of India.
Howden India’s leadership team will remain unchanged with Pravin Vashisht as chairman; Anil Verma, Director and Head of Non-Liability Business; Mahesh Chanani as Director and Chief Officer; Girish Mantri as Chief Financial Officer, among others, the firm said.
Jose Manuel Gonzalez, CEO, Howden Broking Group, said, “Our increased stake in Howden India reflects our commitment to building a leading broking business where we focus on investing in data and technology and building long-term partnerships with our clients. People First is an ethos that is at the heart of everything we do at Howden, and we empower our partners to invest in the best talent and empower our partners to deliver innovative and seamless solutions for customers. Committed to.”
Howden India obtained its trading license from IRDA as a holistic insurance broker in February 2004 and operates through offices in seven cities – Mumbai, Delhi, Bengaluru, Kolkata, Chennai, Hyderabad and Pune. The company provides services in major product lines including construction and asset, liability and specialty risk, and employee benefits, management 16 billion in premium.
Praveen Vashisht, Chairman, Howden India said, “Since its inception, Howden India has taken the lead in introducing many innovative products in the Indian market. We have always put the interests of the customers first and have created a good name and reputation in the Indian market. Reputation – Reputation built on our People First ethos, and our unshakable philosophy of focus, customer service and expertise. We are committed to maintaining this position and providing our customers with the most state-of-the-art solutions.”