UIB International sells minority stake in UIB India

UIB International Ltd, the holding company for the UIB Group’s global investments, has announced the sale of its minority shareholding in UIB Insurance Brokers (India) Private Ltd (UIB India) to Edme Services Private Ltd, an affiliate of Samara Capital, an Indian private equity firm.

The transaction, a collaboration with majority shareholders Indorama SPL Group and Lucas & Mayo Group, brings a successful close to a strategic review and sale process, UIB stated.

Since its founding in 2011, UIB India has grown into a respected player in the country’s insurance brokerage sector.

This sale not only reflects the company’s decade-long growth, the firm highlighted, but also delivered a strong return on investment for all its shareholders.

For Samara Capital, this acquisition is part of a broader strategy to expand its presence in India’s insurance industry through its Edme platform.

Edme plans to retain UIB India’s core team, ensuring a seamless transition for clients and supporting their larger ambition of building a comprehensive, pan-Indian insurance distribution business.