UK-based risk adviser, insurance and reinsurance broker Willis Group Holdings has acquired an insurance broker Carsa Consultores in Mexico.
Terms of the deal have not been disclosed.
The acquired business will expand Willis Mexico’s existing operations, specifically in the northwest region of the country.
Willis Latin America regional CEO Luis Maurette 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."
Established in 1991, Carsa is an insurance broker, risk consultant, actuarial consultant and specialist in public RFP. It provides services through its four regional offices in the country, in addition to the Mexico City branch.
The Carsa team of 84 associates will provide services in different areas, including actuarial services and affinity programs.
Willis Mexico CEO Hilaire Damiron 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."
Image: Willis Building in London. Photo: courtesy of Colin.