Aon Re Global said it has acquired Peruvian reinsurance broker Cosegur Re. Terms of the deal were not released.
Aon Re, a unit of Chicago-based insurance broker Aon Corp., said the deal would offer clients in Peru greater access to a worldwide reinsurance market and other services.
The deal was closed May 2, Aon said.
“The acquisition of Cosegur Re and its team is terrific for Aon Re Global and, most importantly, for our clients,” said Michael D. O'Halleran, executive chairman of Aon Re Global. “Combining Aon Re Peru with Cosegur Re brings new marketplace expertise for Aon Re's current client base and new market access and servicing capabilities for Cosegur Re's clients.”
Cosegur Re founders Jose Antonio Cadarso and Juan Diego Cadarso joined Aon Re Peru as chief executive officer and chief operating officer, respectively.
Aon Re Peru currently employs 11 people and the acquisition will increase the number to about 15. As the largest reinsurance broker in the region, Aon Re Latin America has offices in 10 countries and 230 employees.
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