Global insurance brokerage Willis Group Holdings Ltd. said it has acquired Carter Insurance Group Inc., based in Tampa, Fla. Terms of the transaction were not released.
Carter Group is an underwriting manager and program administrator specializing in franchised auto, truck, recreational vehicle dealers and the auto/truck service businesses. Carter Insurance will be part of Willis' Programs Practice.
Founded in 1927, the Carter Group serves independent insurance agents and brokers in 49 states in the auto and auto service industries. Car-Pac, one of the Carter Group's key programs, writes property-casualty insurance for auto, truck and RV dealerships.
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