Guy Carpenter & Company has acquired Smith Group, a disability reinsurance risk manager and consultant, for an undisclosed amount.
As part of the acquisition, operations of Smith Group will continue to be based in Maine, South Portland.
Smith Group employees have vast experience in actuarial science, market research and risk management areas.
Guy Carpenter CEO US Operations Andrew Marcell said that over the years, Smith Group has built strong relationships with their clients by delivering outstanding service and in-depth knowledge of the long-term disability market.
Marcell added that the addition of Smith’s offering of reinsurance products and services encompassing all aspects of long-term disability insurance business, enhances the firm’s ability to deliver highly differentiated solutions to meet the clients’ unique needs.
Guy Carpenter is a provider of risk and reinsurance intermediary services and a subsidiary of Marsh & McLennan Companies.