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Willis Towers Watson buys French brokerage

Posted On: Oct. 2, 2018 10:58 AM CST

Willis Towers Watson buys French brokerage

Willis Towers Watson PLC on Tuesday said it has acquired Le Havre, France-based brokerage Dero Courtage.

Terms of the deal were not disclosed.

Dero Courtage specializes in logistics, marine and port services as well as asset management, according to an email from a Willis Towers Watson spokesman. The firm will now operate under the brand of Willis Towers Watson’s French business, Gras Savoye Willis Towers Watson.

Dero Courtage CEO Christophe Dero will be the managing director of the new business unit.

“France is a key market for us, and this move reinforces our leading position as a global adviser with an extensive local network,” Paul Morris, London-based head of Western Europe for Willis Towers Watson, said in a statement.

Willis Towers Watson is the world’s third-largest insurance broker, according to Business Insurance’s latest ranking.