Fairfax said Digit and IIFL Capital would retain their existing management teams while gaining access to IDBI Bank's customer base and distribution network.
The partnership adds Peak Re to GAIP's expanding network as the platform works to address protection gaps across the region through greater industry collaboration.
The appointment follows Howden's recent expansion of its Australian sport and entertainment practice with the recruitment of multiple former Marsh executives.
The Singapore-flagged container ship sank after a projectile strike on 13 October, while NorthStandard-entered GFS Giselle took hull damage a day later.
Authorities warned against imposing uniform requirements on agents or suggesting contract terminations without sufficient consultation as the industry implements post-scandal reforms.
