Willis Towers Watson acquires 49% stake in Indian brokerage firm

New Delhi July 7 (IANS) Global advisory broking and solutions company Willis Towers Watson on Friday announced that it has acquired a 49 per cent stake in Almondz Insurance Brokers in India."There is increasing market interest and demand for broking services built around a deep expertise in risk management analytics and differentiated products. This combination of Willis Towers Watson s global experience and Almondz s local expertise and our common focus on superior client service will reap added benefits for our clients employees and the insurance and reinsurance sector in India " said Rohit Jain Chairman Almondz Insurance Brokers Private Limited."The joint venture enhances our position in India in terms of talent expertise and experience. Our clients will have access to data-driven insights powered by best in-class analytical and technology capabilities and to talent with deep sector and industry expertise " said Scott Burnett Head of Asia Willis Towers Watson.Almondz Insurance Brokers has operations in nine cities across India -- Delhi Mumbai Chennai Kolkata Bengaluru Hyderabad Pune Ahmedabad and Vadodara --IANSag/dg