Willis On Acquisition Spree, Buys Hong Kong Broker
NU Online News Service, Oct. 7, 11:46 a.m. EDT?London-based broker Willis Group Holdings Limited, which has been actively pursuing acquisition targets, said yesterday it had acquired the business portfolio of Hong Kong-based insurance broker The Grande Insurance Broker Limited.[@@]
While not disclosing details of the transaction, Willis stated that it has assumed responsibility and control of the business with immediate effect. The firm said the business integration will be completed by Nov. 1, at which time all Grande Insurance Brokers employees will have transferred to Willis offices in Hong Kong.
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