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Willis Towers Watson acquires specialist M&A broker Risk Capital Advisors

1st August 2019 - Author: Steve Evans

Willis Towers Watson said this morning that it has acquired Risk Capital Advisors, a leading mergers & acquisitions broking specialist focused on business in Australia, New Zealand and South Africa.

willis towers watsonAdding to its specialist insurance and reinsurance broking capabilities and broadening its reach globally, has been part of the strategy for Willis Towers Watson (WTW) since the two firms combined.

The acquisition of Risk Capital Advisors Pty Ltd. is expected to enhance WTW’s capabilities in what it sees as a growing M&A market.

It is set to become a fully integrated part of WTW’s FINEX global line of business, a unit featuring Financial, Executive and Professional Risks experts that offer clients specialist advice and services.

Simon Weaver, Head of Australasia at WTW, commented on the news, “RCA is the foremost team in Australasia for Warranty and Indemnity insurance. This offering builds on our current FINEX specialties and supports the growing client needs and market dynamics we are experiencing locally.

“Furthermore, we see a great opportunity to provide additional benefits to target companies in M&A transactions, through Willis Towers Watson’s broader focus on offerings including benefits harmonisation, executive compensation reviews, review of risk strategies and more,” Weaver continued. “The combination of our teams will strengthen our value proposition for all our clients, by providing a wider and deeper range of expertise and service.”

Head of Global FINEX Jeremy Wall added, “The team will be an exciting and important addition to FINEX’s M&A footprint and capabilities further enhancing our client offering both locally and globally as the team works alongside our M&A experts to provide market leading advice and insurance solutions to our clients involved in M&A activity domestically and internationally.”

Risk Capital Advisors offers its clients insurance advisory and brokerage services, with specialisms in Warranty & Indemnity insurance and other specialist M&A products, such as Tax (specifically indemnity) and Environmental.

The acquisition covers ten employees across Australasia and South Africa, plus one in the US. Terms were not disclosed and the acquisition is effective immediately, WTW said.

Jill Stewart, Head of Willis Towers Watson FINEX in Australasia said that alignment between WTW’s business and Risk Capital Advisors was strong.

She commented, “Combined with our financial lines expertise including Directors’ & Officers’, Professional Indemnity and Cyber Insurance, we now have one of the most complete financial and executive risk offerings in the Australasian market to support clients in a wide range of industries. We look forward to the RCA team joining us, for the collective benefit of clients and colleagues.”

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