Guy Carpenter Completes Acquisition of John B. Collins Assoc

NEW YORK--(BUSINESS WIRE)--Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, today announced the successful completion of the previously announced acquisition of John B. Collins Associates, Inc. (Collins).

The acquisition of Collins, the fifth largest reinsurance intermediary in the United States and seventh largest in the world, further strengthens Guy Carpenter’s capabilities in medical professional liability, agriculture, Florida property, program, and regional specialty lines of business.

Terms of the transaction have not been disclosed.

QUOTES

Peter Zaffino, President and Chief Executive Officer of Guy Carpenter

“We are excited about the additional expertise that this acquisition brings to our organization. The combination of the specialty capabilities of Collins with our existing platform will deliver better solutions for our clients.”

“With this acquisition Guy Carpenter continues to strengthen and diversify our position in North America, which will create more opportunities for future growth.”

John Collins, Chairman and Founder of Collins

“We are delighted to conclude the transaction with Guy Carpenter and look forward to working together with our new colleagues to deliver even greater value to our clients.”

TAGS/KEYWORDS

Guy Carpenter, Collins, reinsurance, medical, agricultural, Florida, property

ABOUT GUY CARPENTER

Guy Carpenter & Company, LLC is the world’s leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies. With over 50 offices worldwide, Guy Carpenter creates and executes reinsurance solutions and delivers capital market solutions* for clients across the globe. The firm’s full breadth of services includes line of business expertise in Agriculture; Aviation; Casualty Clash; Construction and Engineering; Excess and Umbrella; Life, Accident and Health; Marine; Medical Professional Liability; Political Risk and Trade Credit; Professional Liability; Property; Retrocessional Reinsurance; Surety; Terrorism and Workers Compensation. GCFac® is Guy Carpenter’s dedicated global facultative reinsurance unit that provides placement strategies, timely market access and centralized management of facultative reinsurance solutions. In addition, Guy Carpenter’s Instrat® unit utilizes industry-leading quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the firm’s clients more successful. Guy Carpenter’s website address is www.guycarp.com.

Guy Carpenter’s new intellectual capital website, www.GCCapitalIdeas.com, leverages blog technology, including Real Simple Syndication (RSS) feeds as well as searchable category tags, to deliver Guy Carpenter’s latest research as soon as it is posted. In addition, articles can be delivered directly to BlackBerrys® and other handheld devices.

* Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.