Guy Carpenter snaps up rival Collins
Guy Carpenter has agreed a deal to buy its smaller rival
reinsurance broker John B. Collins (Collins).
Buying the US-based privately-owned firm - the seventh largest
reinsurance broker in the world - will strengthen its positioning
in the North American market, said Guy Carpenter, "and support
its strategy to continue to diversify through targeted
acquisitions".
The broker's founding chairman, John Collins, will take the
position of vice chairman of Guy Carpenter, while Collins CEO
Patrick Denzer will serve as chairman...
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