Willis Italy, a unit of Willis Group Holdings, announced the acquisition of Broking Italia SRL, a long-established specialist in the Italian insurance market, founded and currently headed by Gianfranco Agostini and Daniela Andreussi. Terms of the transaction were not announced.
Broking Italia is based in Rome and specializes in Employee Benefits and supplementary pension programs.
Guido De Spirt, Co-CEO of Willis Italy, commented: “Broking Italia’s extensive experience in Employee Benefits and private pension funds will allow us to further strengthen our position in these areas, which are flagship businesses of Willis Group globally. We have been growing both offerings around the world by investing in human resources and the development of innovative products.”
Walter Albini, Co-CEO of Willis Italy, added: “The acquisition of Broking Italia is pivotal to strengthening our presence in Rome, where, as a result of this deal, we will now have a total of 60 professionals.”
Agostini will join the Willis Italy Board of Directors as Deputy Chairman and, together with Andreussi, will continue coordinating the activities of Broking Italia while developing sales strategies with Willis Italy.
Source: Willis Group Holdings plc
Topics Mergers & Acquisitions Agencies
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