Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 20th of September 2018
March 3, 2009

Guy Carpenter acquires John Collins

by David Masters

Story link: Guy Carpenter acquires John Collins

Risk and reinsurance specialist Guy Carpenter has announced the acquisition of John B. Collins Associates, Inc., the seventh largest reinsurance intermediary in the world.

Terms of the deal were not disclosed.

Guy Carpenter said the acquisition will strengthen its position in the North American market.

“Combining the specialty expertise of Collins with our existing platform will deliver better solutions for our respective clients and create more opportunities for future growth,” said Peter Zaffino, president and CEO of Guy Carpenter.

Collins, established in 1987, is a privately held company with 190 employees across 13 US offices and international offices in London and Bermuda.

It places reinsurance coverage for companies in the life, accident health and property/casualty insurance markets. Its specialist areas include professional liability, workers’ compensation, commercial earthquake, Florida property catastrophe, programs, industry loss warranties, and governmental programs.

Chairman and founder John Collins will be appointed as Guy Carpenter vice chairman, whilst Collins CEO Patrick Denzer will serve as chairman of Guy Carpenter America.

The deal is expected to complete early in the second quarter, pending regulatory approval.

 

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