Willis Group Holdings Ltd., a global insurance broker, announced Tuesday an agreement to buy International Insurance Brokers Inc., a specialized broker in New York serving the armored car and check-cashing industries.
International Insurance Brokers has about $2 million of annual revenue. The deal is expected to close in January; its terms were not disclosed. The deal for "International Insurance Brokers underscores our strategy of reinforcing our position in existing businesses in order to foster continued growth," Joe Plumeri, Willis' chairman and chief executive officer, said in a statement.
