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Marsh to acquire DR-based firm

Marsh is to acquire Dominican Republic-based Franco & Acra Tecniseguros, moving to become a leading broker and risk advisor in the Caribbean.

The company said yesterday it has reached a definitive agreement to acquire Franco & Acra Tecniseguros, the leading insurance adviser in the Dominican Republic and Marsh’s long-standing local correspondent broker. Terms of the transaction were not disclosed.

The transaction, which is anticipated to close in the second quarter of 2013, will give Marsh a leadership position in one of the Caribbean’s largest economies.

Peter Zaffino, president and CEO of Marsh said: “The Dominican Republic has one of the strongest economies in the Caribbean, and I am excited by the opportunity to offer companies there the full range of Marsh’s regional and global capabilities.

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Published June 07, 2013 at 9:00 am (Updated June 06, 2013 at 7:37 pm)

Marsh to acquire DR-based firm

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