The company will have an initial capital base of Rs 2.5 crore and will establish eight to nine offices in major cities across the country, said Mr Prabodh Thakkar, Chairman, AGISPL, addressing a press conference here today.

The company will provide a full range of insurance brokerage services to new and existing corporate and industrial clients as well as reinsurance services to insurance companies. It will also provide consulting and benefits consulting, loss control and safety engineering services to insurance companies.

While the early stages of the business will be focussed on services towards the corporate sector and transaction of reinsurance business, a long-term strategy will encompass even the rural sectors. Plans are underway to roll out initiatives covering a whole range of market segments, said Mr Neil Mathews, CEO, AGISPL. The initial focus will be on uninsured assets of corporates, he said.

AGISPL is as joint venture between the US-based reinsurance broker Aon Corporation and Global Insurance Brokers, an insurance consultant in India with three decades of experience in insurance and reinsurance related services.

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