Guy Carpenter To Acquire Rattner Mackenzie From HCC
In order to expand its capabilities in the reinsurance sector
Guy Carpenter & Company, a risk and reinsurance player, has entered into an agreement to buy all of the issued shares of the London-based reinsurance broker, Rattner Mackenzie from HCC Insurance (HCC), a specialty insurance group headquartered in Houston, Texas.
Guy Carpenter said that the transaction is consistent with its strategy to supplement organic growth with targeted acquisitions. Following successful completion of the transaction, Guy Carpenter will become a significant provider of reinsurance intermediary services to HCC.
Peter Zaffino, president and CEO of Guy Carpenter, said: “We have great respect for HCC and its management team and are extremely proud to become a major trading partner as a result of this transaction. The acquisition of RML is further demonstration of our strategy to build our capabilities in the specialty sector.”
The transaction is expected to close in October 2009. Lexicon Partners (US) acted as financial advisor to Guy Carpenter in relation to the transaction, and Freshfields Bruckhaus Deringer LLP acted as legal counsel.
Related Insight
Suppliers Directory
Life Insurance & Pensions
Intermediaries Brokerage Underwriting London Lloyds
Reinsurance
Technology Technology in Insurance Outsourcing
Regulatory & Risk
Intelligence
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125
Comments may be moderated for spam, obscenities or defamation.