NU Online News Service, April 9, 11:13 a.m. EDT
Guy Carpenter & Company reinsurance brokerage said yesterday it had successfully completed the previously announced acquisition of John B. Collins Associates, Inc. Financial terms were not disclosed.
Guy Carpenter said Collins is the fifth largest reinsurance intermediary in the United States and seventh largest in the world and the acquisition further strengthens its capabilities in medical professional liability, agriculture, Florida property, program, and regional specialty lines of business.
Peter Zaffino, president and chief executive officer of Guy Carpenter said, "The combination of the specialty capabilities of Collins with our existing platform will deliver better solutions for our clients" and the acquisition will strengthen and diversify Guy Carpenter's position in North America, creating "more opportunities for future growth."
Guy Carpenter & Company is part of the Marsh & McLennan Companies, with more than 50 offices worldwide.
The firm's services include line of business expertise in agriculture; aviation; casualty clash; construction and engineering; excess and umbrella; life, accident and health; marine; medical professional liability; political risk and trade credit; professional liability; property; retrocessional reinsurance; surety; terrorism and workers' compensation.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.