Mumbai, August 11, 2025: Edme Insurance Brokers Ltd. has announced the acquisition of UIB Insurance Brokers (India) Pvt. Ltd., in a move aimed at consolidating its position among the largest players in India’s insurance and reinsurance broking sector. The merger, subject to requisite regulatory approvals, will see the combined entity operate under the Edme Insurance Brokers Ltd. brand.
The integration will create a strong player across wholesale, reinsurance, and retail broking, offering innovative insurance solutions and technology-driven risk management services tailored to the Indian market. Edme said the move aligns with its strategy of pursuing both organic and inorganic growth to achieve leadership in the domestic market.
The merger will combine Edme’s focus on sector-specific innovation and digital transformation with UIB India’s deep reinsurance expertise and strong client relationships. The companies plan to leverage their collective talent, technology infrastructure, and market insights to enhance insurance penetration, design specialized risk solutions, and improve customer experiences.
Manish Mehta, Managing Director & Co-CIO of Samara Capital, called the merger “a key milestone in our journey to become a dominant force in the financial services sector”, adding that it supports the IRDAI’s “Insurance for All by 2047” vision.
Sanjay Radhakrishnan, CEO of Edme Insurance Brokers, said the merger would help create “one of India’s most trusted and innovative insurance broking platforms”, combining UIB’s reinsurance strength with Edme’s local market insights.
Surendra Mehta, CEO of UIB India, expressed confidence in setting “new benchmarks in service delivery” by blending the firms’ domain knowledge, technological capabilities, and client-first approach.
The combined leadership has assured stakeholders of a smooth integration process, maintaining their commitment to integrity, transparency, and client-centricity.
This follows Edme’s 2024 acquisition of Aditya Birla Insurance Brokers, after which the company expanded its product portfolio in alignment with global insurance market trends.
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