Willis signs deal to buy Israeli broker

Willis Towers Watson PLC said Tuesday that it has signed a definitive agreement to acquire Leaderim, an insurance broking and risk consultancy business in Israel.

Terms of the transaction were not disclosed.

Leaderim, which has 45 employees, offers multinational risk programs, “reflecting the high number of global companies operating in Israel,” Willis said in a statement.

With the definitive agreement in place,  the two companies will move to complete the acquisition, which was announced in August.

Pamela Thomson-Hall, head of international at Willis, said in the statement that the deal strengthens the broker’s footprint and capabilities in Israel and the Middle East.