As part of the acquisition, the broker expects to migrate to a single Willis brand in Mexico over time
Willis has acquired Mexican broker Carsa Consultores as part of its regional growth strategy, in which Mexico forms a key market. The firm did not disclose the full details of the acquisition.
The move will support Willis Mexico’s existing business, while also expanding its overall footprint, especially in the north-west region of Mexico, creating a new combined network of nine offices nationally.
The broker says that the Carsa team of 84 associates will bring new expertise to Willis Mexico in a number of areas, including actuarial services and affinity programmes.
Willis expects to migrate to a single Willis brand in Mexico over time. In Guadalajara, where Carsa is currently headquartered, Willis associates will relocate to Carsa’s offices. In Mexico City, the existing Willis office will become the new home for Carsa’s actuarial and government specialties teams.
Willis Latin America regional chief executive Luis Maurette said: “Mexico is a key part of our regional growth strategy and our investment there reflects our confidence in the country’s potential. Carsa has a strong reputation in the Mexican market, with a culture and professional approach that aligns closely with Willis’s own values-based approach to client service. It is a pleasure to welcome their talented team to Willis.”
Willis Mexico chief executive Hilaire Damiron said: “Carsa has an extraordinary track record of offering a high-quality, custom-made service that we will merge into our value proposition and deliver to clients. We believe this acquisition represents an opportunity for significant future growth in Mexico as we deliver the full range of Willis’s capabilities and risk expertise to our clients.”
Carsa chief executive Jose Ruiz Torres added: “The Mexican market recognises the global reach of Willis and its outstanding achievements in the Mexican market in recent years. It is great news for our team and our clients. Carsa is proud of its heritage and success and is looking forward to growing further with Willis.”
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