Marsh to Acquire Dominican Republic-Based Franco & Acra Tecniseguros
06 6월 2013 - 10:25PM
Business Wire
Marsh, a global leader in insurance broking and risk management,
today announced that it has reached a definitive agreement to
acquire Franco & Acra Tecniseguros, the leading insurance
adviser in the Dominican Republic and Marsh’s long-standing local
correspondent broker. Terms of the transaction were not
disclosed.
The transaction, which is anticipated to close in the second
quarter of 2013, will give Marsh a leadership position in one of
the Caribbean’s largest economies. Operating under the name Marsh,
Franco & Acra, it will combine the long-established and highly
regarded operations of Franco & Acra Tecniseguros, with the
global solutions, resources and placement capabilities of Marsh to
provide an enhanced service to clients of all sizes that will be
unsurpassed in the Dominican Republic. Franco & Acra
Tecniseguros has been Marsh’s local correspondent broker since
1977.
Peter Zaffino, President and CEO of Marsh Inc., said: “The
Dominican Republic has one of the strongest economies in the
Caribbean, and I am excited by the opportunity to offer companies
there the full range of Marsh’s regional and global capabilities.
This transaction solidifies the successful long-established
relationship Marsh has had with Franco & Acra Tecniseguros. We
look forward to working with their respected local management team
and colleagues to further broaden their already deep client
relationships by offering an enhanced global service and greater
specialization across diverse sectors and industries.”
Enrique Valdez, Managing Partner of Franco & Acra
Tecniseguros, who will become CEO of Marsh, Franco & Acra,
said: “Strong economic growth in recent years has increased the
demand for a higher level of risk advice from companies looking to
expand. By further consolidating our relationship with Marsh, we
will strengthen and enhance the capabilities that Franco & Acra
Tecniseguros has built up over many years and present the most
comprehensive risk and insurance offering in the local market. It
will ensure that clients have access to the full range of risk
solutions to suit their particular needs.
About Marsh
Marsh, a global leader in insurance broking and risk management,
teams with its clients to define, design, and deliver innovative
industry-specific solutions that help them protect their future and
thrive. It has approximately 26,000 colleagues who collaborate to
provide advice and transactional capabilities to clients in over
100 countries. Marsh is a wholly owned subsidiary of Marsh &
McLennan Companies (NYSE: MMC), a global team of professional
services companies offering clients advice and solutions in the
areas of risk, strategy, and human capital. With over 53,000
employees worldwide and annual revenue exceeding $11 billion, Marsh
& McLennan Companies is also the parent company of Guy
Carpenter, a global leader in providing risk and reinsurance
intermediary services; Mercer, a global leader in talent, health,
retirement, and investment consulting; and Oliver Wyman, a global
leader in management consulting. Follow Marsh on Twitter
@Marsh_Inc.
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