Global risk adviser, insurance and reinsurance broker Willis Group Holdings, will purchase a 49% stake in IRDAI licensed broker Almondz Insurance Brokers Private Limited. Almondz has 300 associates in nine offices in India. Once regulatory approvals are sanctioned and the deal is closed, Willis will be able to offer both insurance and reinsurance services in the Indian market since Almondz has a wholly owned subsidiary engaged in reinsurance brokerage services.
Adam Garrard, Regional CEO of Willis Asia, said, “We are excited about the prospect of continued growth and development in the Indian insurance sector. “This joint venture will allow us to fully participate in this dynamic market, whilst enabling us to provide our global clients with the levels of service and expertise that they expect from Willis’s operations around the world.”
Last updated: December 26th, 2025
