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Willis expands in Mexico through acquisition

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Willis Group Holdings P.L.C. on Tuesday announced it has acquired Guadalajara, Mexico-based brokerage Carsa Consultores Agente de Seguros y de Fianzas S.A. de C.V.

A spokesman for Willis declined to comment on the terms of the deal.

Carsa Consultores is a broker, risk consultant and actuarial specialist operating out of five offices in Mexico, including Guadalajara, Tijuana, Mexicali, Hermosillo and Leon, according to the spokesman.

The spokesman declined to disclose Carsa’s total revenues.

In a statement, Willis said the acquisition will strengthen its existing Willis Mexico business, specifically in the northwest region of Mexico. Willis Mexico will now encompass a network of nine offices nationally, according to the statement.

Carsa’s team of 84 employees will join Willis Mexico, according to the statement, and the firm’s CEO, Jose Ruiz Torres, will become an external adviser to the combined organization, the spokesman said.

As part of the deal, Willis Mexico associates will relocate to Carsa’s Guadalajara office, and Willis Mexico’s existing Mexico City office will house Carsa’s actuarial and government specialties teams, according to the statement.

Willis also said it plans to migrate to a single brand in Mexico over time.

“Mexico is a key part of our regional growth strategy, and our investment there reflects our confidence in the country’s potential,” Luis Maurette, regional CEO of Willis Latin America, said in the statement. “Carsa has a strong reputation in the Mexican market, with a culture and professional approach that aligns closely with Willis’ own values-based approach to client service.”

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