Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, today completed the previously-announced acquisition of fellow US reinsurance broker John B Collins Associates.
Collins is the fifth-largest reinsurance intermediary in the US and seventh largest in the world, and strengthens Guy Carpenter's capabilities in medical professional liability, agriculture, Florida property, programme, and regional specialty lines of business.
Terms of the transaction have not been disclosed.
Peter Zaffino, president and chief executive officer of Guy Carpenter, said in a statement: "We are excited about the additional expertise that this acquisition brings to our organisation. The combination of the specialty capabilities of Collins with our existing platform will deliver better solutions for our clients."