Global insurance broking and risk management company Marsh has purchased Peru-based insurance advisor, Rehder y Asociados Group, for an undisclosed amount.

The acquired business, which includes Rehder y Asociados and employee health and benefits specialist, Humanasalud, will boost its position in one of South America’s robust economies.

Following completion of transaction, the combined entity will operate under the name Marsh Rehder, and offer an array of services, resources, and placement capabilities to clients of all sizes in Peru.

Marsh president and CEO Peter Zaffino said Rehder’s expertise in client relationships combined with the company’s local, regional, and global capabilities will provide a compelling offering for companies in the country.

Rehder CEO Javier Rehder, who has become the deputy CEO of Marsh Rehder, said, "Together, we will provide a broader offering and ensure that clients can access the full range of risk solutions to suit their needs."

Most recently, the company signed a definitive agreement to purchase Franco & Acra Tecniseguros, an insurance adviser in the Dominican Republic.

A wholly owned subsidiary of Marsh & McLennan Companies, Marsh operates as a global insurance broking and risk management, and teams with its customers to define, design, and deliver innovative industry-specific services that protect their future.