After UIB buy, Edme sharpens focus on construction, reinsurance
2 min read
Sanjay Radhakrishnan, Chief Executive Officer, Edme Insurance Brokers Ltd,
Edme Insurance Brokers (previously Aditya Birla Insurance Brokers), which recently acquired reinsurance intermediary UIB Insurance Brokers India, is broadening its footprint in construction and reinsurance. These segments now constitute approximately 20% of the company’s revenue.
In an interview, Sanjay Radhakrishnan, CEO of Edme Insurance Brokers Ltd, stated that the acquisition enhances the firm’s expertise in construction insurance and reinsurance for oil & gas and intricate risks—sectors where UIB held leadership positions.
“Combining both entities positions us as clear market leaders in these domains,” he emphasized.
Growth targets
The company aims to outpace market growth by 50%, targeting a 15-18% annual expansion compared to the industry’s projected 10-12% growth rate.
Samara Capital-backed Edme completed its acquisition of Aditya Birla Insurance Brokers on August 30, 2024, securing Aditya Birla Capital’s stake through an upfront payment of ₹455 crore.
International business
Edme is extending its global reach to support Indian corporations operating overseas. The broker plans to open offices in Dubai and Singapore before 2026 concludes, followed by a London expansion by mid-2027 as part of its international strategy. “This network will enable us to serve Indian businesses in these strategic locations,” Radhakrishnan noted.
Though current international volumes remain modest, the segment shows strong growth potential, with revenues projected to nearly double annually.
Revenue mix
Presently, international operations derive 30% of revenue from Southeast Asia, 40% from Africa, and 30% from Middle Eastern markets.
The company is also venturing into climate risk advisory services—an emerging sector where conventional insurance often inadequately addresses climate-related exposures.
“We’ve assembled specialists from global reinsurers to consult clients on climate risk mitigation, financial protection strategies, and innovative coverage alternatives,” Radhakrishnan explained. These include parametric solutions triggered by specific events like extreme rainfall, supply chain interruptions, or agricultural losses.
Published on January 8, 2026
