Willis North America Will Acquire Avalon; Terms Not Disclosed
Willis North America, a unit of Willis Group Holdings (NYSE: WSH), the global insurance broker, today announced that it has entered into a definitive agreement to acquire the assets of Avalon Actuarial Inc., a leading Canadian employee benefits brokerage and actuarial consulting services firm.
Since 1990, Montreal-based Avalon Actuarial has been a leading provider of innovative products and services focused on group insurance, retirement and pension plans, and other risk management services for corporations and public entities. Avalon Actuarial's 45 employees and leadership team will join Willis North America's Canadian operations and continue to serve clients from its existing offices in Montreal and Toronto. Willis Canada includes offices in Toronto, Vancouver and Calgary and is supported by over 200 employees.
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