Willis Acquires Ital Re

NU Online News Service, Oct. 28, 12:35 p.m. EST?Willis Group Holdings announced it has agreed to acquire Ital Re SpA, a provider of reinsurance broking services based in Rome and Milan. Terms of the transaction were not disclosed.

Joe Plumeri, chairman and chief executive officer of Willis, said in a statement, "This acquisition fits in well with our strategy to expand in major functional and geographic areas where we see good growth prospects.

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