Guy Carpenter & Company, LLC has agreed to acquire Minneapolis-based John B. Collins Associates, Inc., a privately-held reinsurance intermediary.
Terms of the transaction were not disclosed, according to a Guy Carpenter spokesperson.
Collins places reinsurance coverage for companies in the property-casualty, life, and accident & health insurance markets, and is the seventh largest reinsurance intermediary in the world, according to a statement announcing the acquisition. The company has 190 employees who work from 13 offices throughout the U.S., and in London and Bermuda.
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