LONDON, April 7, 2015 (GLOBE NEWSWIRE) -- Willis Group Holdings plc (NYSE:WSH), the global risk adviser, insurance and reinsurance broker, announced today it has acquired Carsa Consultores, a leading broker in Mexico.
The move strengthens and supports Willis Mexico's existing business, while also expanding its overall footprint, especially in the northwest region of Mexico, creating a new combined network of nine offices nationally.
The Carsa team of 84 associates will bring new expertise to Willis Mexico in a number of areas, including actuarial services and affinity programs.
Luis Maurette, Regional CEO of Willis Latin America, said:
"Mexico is a key part of our regional growth strategy and our investment there reflects our confidence in the country's potential. Carsa has a strong reputation in the Mexican market, with a culture and professional approach that aligns closely with Willis's own values-based approach to client service. It is a pleasure to welcome their talented team to Willis."
Hilaire Damiron, CEO of Willis Mexico, said:
"Carsa has an extraordinary track record of offering a high-quality, custom-made service that we will merge into our value proposition and deliver to clients. We believe this acquisition represents an opportunity for significant future growth in Mexico as we deliver the full range of Willis's capabilities and risk expertise to our clients."
Jose Ruiz Torres, CEO of Carsa, said:
"The Mexican market recognises the global reach of Willis and its outstanding achievements in the Mexican market in recent years. It is great news for our team and our clients. Carsa has been characterized since its foundation 25 years ago by the personalization of its servicing and we will continue doing so, with the added value of Willis resources. Carsa is proud of its heritage and success, and is looking forward to growing further with Willis."
Willis expects to migrate to a single Willis brand in Mexico over time. In Guadalajara, where Carsa is currently headquartered, Willis associates will relocate to Carsa's offices. In Mexico City, the existing Willis office will become the new home for Carsa's actuarial and government specialties teams.
The terms of the transaction were not disclosed.
Willis Group Holdings plc is a leading global risk adviser, insurance and reinsurance broker. With roots dating to 1828, Willis operates today on every continent with more than 18,000 employees in over 400 offices. Willis offers its clients superior expertise, teamwork, innovation and market-leading products and professional services in risk management and transfer. Our experts rank among the world's leading authorities on analytics, modelling and mitigation strategies at the intersection of global commerce and extreme events. Find more information at our website,www.willis.com, our leadership journal, Resilience, or our up-to-the-minute blog on breaking news, WillisWire. Across geographies, industries and specialisms, Willis provides its local and multinational clients with resilience for a risky world.
Carsa is an insurance broker, risk consultant, actuarial consultant and specialist in Public RFP, and the leader in the Mexican Market. Founded in 1991, the operation of Carsa has expanded in the north west region of the Mexican Republic, and is delivering its services among its four regional offices in the country in addition to its Mexico City branch. Carsa is well-known in the Mexican market for its innovation, professionalism and customer orientation toward excellence in servicing its clients.
Source:Willis Group Holdings