Willis Group Holdings Limited, the global insurance broker, announced today the stock acquisition of International Insurance Brokers, Inc.
Located in Staten Island, N.Y., International Insurance Brokers is a specialized broker serving the needs of the armored car and check-cashing industries. Annualized revenues from International Insurance Brokers were approximately $2 million. This transaction is expected to close in January 2006; terms are not disclosed.
“The acquisition of International Insurance Brokers underscores our strategy of reinforcing our position in existing businesses in order to foster continued growth,” said Joe Plumeri, chairman and chief executive officer of Willis.
Topics Mergers & Acquisitions Agencies Auto Excess Surplus New York
Was this article valuable?
Here are more articles you may enjoy.
Trump Outlines Plan to Unwind Biden-Era Car Mileage Mandates 
Baldwin Group to Buy CAC Group for About $1B in Cash and Stock 
Dozens of State Attorneys General Urge Congress Not to Block AI Laws 
Lawsuit Over Burger King’s Whopper Ads Set Back by Federal Judge 
