Catamaran sells 51% stake in insurance coverage broking JV to Aon

Catamaran Ventures, promoted by former Infosys Chairman NR Narayana Murthy, has bought its 51 per cent stake in Aon India Insurance Brokers Pvt Ltd to Aon plc of the UK. Aon’s stake within the Indian dealer will now rise from 49 per cent to 100 per cent.
Aon had acquired a 49 per cent stake from Catamaran Ventures within the Indian composite broking agency, Anviti Insurance Brokers Pvt Ltd in 2020. Anviti was based by Catamaran in 2016 and subsequently rebranded as Aon India Insurance Brokers in June 2021.
Sandeep Malik, govt chairman, Asia Pacific, Aon, stated, “We are happy to have worked with Catamaran.” MD Ranganath, president, Catamaran Ventures, stated, “We would like to thank Aon for the successful collaboration over the years and wish them a rewarding journey ahead.”