Guy Carpenter & Co. LLC completed the previously announced acquisition of John B. Collins Associates Inc.
The acquisition of Collins, the fifth largest reinsurance intermediary in the United States and seventh largest in the world, strengthens Guy Carpenter’s capabilities in medical professional liability, agriculture, Florida property, program, and regional specialty lines of business.
Terms of the transaction have not been disclosed.
Peter Zaffino, president and CEO of Guy Carpenter, said: “The combination of the specialty capabilities of Collins with our existing platform will deliver better solutions for our clients.”
John Collins, chairman and founder of Collins, added: “We are delighted to conclude the transaction with Guy Carpenter and look forward to working together with our new colleagues to deliver even greater value to our clients.”
Source: Guy Carpenter,
www.guycarp.com
Topics Mergers & Acquisitions
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