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Guy Carpenter expands with Collins purchase; Acquisition will create world's second largest reinsurance brokerage.

Publication: Business Insurance
Publication Date: 09-MAR-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Guy Carpenter expands with Collins purchase; Acquisition will create world's second largest reinsurance brokerage.(News)(Guy Carpenter and Company Inc.)(John B. Collins Associates Inc.)(Aon Corp.)(Benfield Group Ltd.)

Article Excerpt
Byline: SALLY ROBERTS

NEW YORK-Guy Carpenter & Co. L.L.C.'s acquisition of John B. Collins Associates Inc. gives the New York-based reinsurance broker more scale in the United States and allows it to play "catch-up'' to a much larger rival, Aon Benfield Re, analysts say.

The deal, announced last week, combines the world's second- and seventh-largest reinsurance brokers and follows Chicago-based Aon Corp.'s $1.43 billion acquisition of London-based Benfield Group Ltd. last August.

Benfield, which was the world's third-largest reinsurance broker, since has been combined with the world's largest reinsurance...

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