Posted on 09 Apr 2009
Leading global risk and reinsurance specialist, Guy Carpenter & Company, LLC, announced on Wednesday the successful completion of its acquisition of John B. Collins Associates, Inc. (Collins).
The acquisition of Collins, the fifth largest reinsurance intermediary in the United States and seventh largest in the world, further strengthens Guy Carpenter’s capabilities in medical professional liability, agriculture, Florida property, program, and regional specialty lines of business.
Guy Carpenter President and CEO Peter Zaffino commented on the acquisition: “We are excited about the additional expertise that this acquisition brings to our organization. The combination of the specialty capabilities of Collins with our existing platform will deliver better solutions for our clients.”
“With this acquisition Guy Carpenter continues to strengthen and diversify our position in North
America, which will create more opportunities for future growth," said Zaffino.
John Collins, chairman and founder of Collins, concurred, saying: "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.”
Terms of the transaction have not been disclosed.