Edelweiss Financial Services Limited announced that it is selling a minority stake in wholly owned subsidiary Edelweiss Insurance Brokers Limited (EIBL) to US-based Arthur J. Gallagher & Co., a brokerage and risk management services firm. Financial details of the deal were not disclosed. This partnership brings to clients a much broader access to international markets and expertise, and a wider range of insurance products and services.

(Dealstreet Asia)