Willis, the global insurance broker, is to acquire three San Diego-based brokers by the end of August as part of its strategy to build its presence in key markets.
Willis is to acquire three San Diego-based brokers by the end of August as part of its strategy to build its presence in key markets.
The global insurance broker has signed agreements to acquire Cogdill Bonding and Insurance Services, TCT Insurance Services and the assets of the sole proprietorship of Scott J. Tucker CFP.
Annual revenue from the three businesses totals $3.2m.
Willis chairman and chief executive officer Joe Plumeri said the acquisitions reflected the Willis model of "combining access to global resources with local resources and close client relationships."
Cogdill Bonding specialises in surety bond coverage for construction projects, while TCT offers general property and casualty insurance projects. SJT provides group employee benefits consulting and insurance services.
