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Willis continues overseas expansion with Mexico acquisition

Willis Group Holdings revealed today (20 December 2004) that it has bought the business of the Mexico insurance broker Maisterrena Asesores.

Maisterrena is a general insurance broker serving mainly mid-market corporate clients and has an annual turnover of $900,000.

In 2004, Willis has made a number of plays for small, local brokers including: CH Jeffries and Opus Holdings in the UK, Coyle Hamilton in Ireland, Vision Insurance Group in the US, Denmark’s Kirecon A/S and The Grande Insurance Insurance Brokers in Hong Kong. In addition, Willis took a 50 percent equity stake in the Chinese brokers Shaghai Pudong.

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