Marsh, a wholly owned subsidiary of Marsh & McLennan Companies (MMC), has signed a definitive agreement to purchase Peru-based insurance advisor, Rehder y Asociados Group for an undisclosed amount.
Rehder y Asociados Group comprises insurance broker, Rehder y Asociados and employee health and benefits specialist, Humanasalud.
Once acquired, the combined entity will operate under the name Marsh Rehder, to deliver a range of solutions, resources, and placement capabilities to clients of all sizes in Peru.
Marsh president and CEO Peter Zaffino said Rehder’s expertise in client relationships combined with the company’s local, regional, and global capabilities will provide a compelling offering for companies in the country.
”Together with Rehder’s respected management team and colleagues, we will bring the full range of Marsh’s capabilities to their impressive range of industrial, commercial, and personal clients,” Zaffino added.
Rehder CEO Javier Rehder, who will become deputy CEO of Marsh Rehder, said, ”Together, we will provide a broader offering and ensure that clients can access the full range of risk solutions to suit their needs.”
The transaction is expected to close in the second quarter of 2013.