Hyderabad, August 11th, 2025: In a strategic initiative aimed at strengthening its value proposition, Edme Insurance Brokers Ltd. and UIB Insurance Brokers (India) Pvt Ltd. have set out on the path to integrate its businesses in India following requisite regulatory approvals. The coming together of the two companies marks a significant milestone in Edme’s journey to be recognized as one of the largest players in the Indian insurance and reinsurance broking industry. Following completion of applicable statutory process, the merged entity will continue as EDME Insurance Brokers Ltd.
The merged entity aims to become a leading force in wholesale, reinsurance, and retail broking, offering value accreditive insurance solutions and tech-enabled risk management solutions to clients in the Indian market. UIB India’s coming together with EDME is in line with its EDME’s stated objective of pursuing both organic and inorganic route to emerge as one of the leading insurance brokers in India. This strategic merger brings together two strong players with complementary strengths — Edme’s vision for sector-focused innovation and digital transformation, and UIB India’s legacy of reinsurance expertise and deep client relationships. Together, we will leverage our collective capabilities, talent pool, and digital infrastructure to deepen insurance penetration, design bespoke risk solutions, and enhance customer experience across all segments in India. The focus will be on scaling operations, investing in people and technology, and building specialized offerings for under-served sectors, in addition to continuing to serve the interests of our customers by providing innovative and best in class insurance solutions.
Manish Mehta, Managing Director & co-CIO Samara Capital said, “This merger is a key milestone in our journey to become a dominant force in the financial services sector and contribute towards IRDAI’s “Insurance for All by 2047” vision. This transaction aligns perfectly with EDME’s long-term ambition of becoming a globally respected Indian multinational in insurance broking. We are confident that Edme and UIB India will offer bespoke business solutions to its clients and emerge as a leading insurance and reinsurance broking firm both in India and at the global economy”.
Sanjay Radhakrishnan, the CEO of Edme Insurance Brokers, said, ” This merger is a pivotal milestone in our journey to create one of India’s most trusted and innovative insurance broking platforms. With UIB India’s reinsurance experience and our deep local insights, we are well-positioned to deliver bespoke solutions across wholesale, retail, and reinsurance segments. Our goal is to build a future-ready insurance broking firm that prioritizes client needs, and long-term partnerships backed by technology. Edme Insurance Brokers is committed to look afresh at broking business in India and abroad and to emerge as a specialist broker ”, he added.
Surendra Mehta, the CEO of UIB Insurance Brokers (India), added, “We are excited to join hands with Edme to build on the strong foundation established by both firms. Our combined strengths in domain knowledge, technology, and customer-first thinking will allow us to set new benchmarks in service delivery. We thank our clients, partners, and teams for their continued trust and support. This merger is just the beginning of a new chapter.”
We assure our clients and other stakeholders a seamless experience as we traverse the process of integration of our entities. The combined leadership remains committed to values of integrity, transparency, and client centricity.
Edme Insurance Brokers acquired Aditya Birla Insurance Brokers in 2024 and following its acquisition, Edme has introduced an expanded suite of products and solutions to its clients in line with the dynamic international insurance market.