WILLIS strengthen presence on the Polish insurance market with the acquisition of BCU AMA
WILLIS Europe, a division of the global insurance broker WILLIS Group Holdings, has acquired 100 percent of the shares of Polish insurance broker, BROKERSKIE Centrum Ubezpieczeniowe AMA. The deal, effective immediately, will further strengthen WILLIS' presence in the country, in particular in the growing Employee Benefits and Construction sectors. Terms of the transaction are not disclosed.
Major civil engineering projects are set to increase the growth of the Polish construction market by around 11 percent this year, while the IMF says that a rebound in employment growth is being driven by increased activity in the services sector.
"As the Polish economy continues to grow at a rate of around 3.8 percent, the expansion of the employee benefits and construction markets, along with other industries, will need to be accompanied by robust risk management. By joining with BCU AMA, we now have leading expertise in these lines of business and can help our clients put in place holistic insurance programmes to mitigate their increased exposure to risk", said Jacek CICHY, CEO of WILLIS Polska, commenting on the deal.
Established in Warsaw in 1998, BCU AMA focused on specialty insurance lines, developing a significant book of business providing insurance brokerage services to the rapidly expanding Employee Benefits and Construction industries.
WILLIS Europe, a division of the global insurance broker WILLIS Group Holdings, has acquired 100 percent of the shares of Polish insurance broker, BROKERSKIE Centrum Ubezpieczeniowe AMA. The deal, effective immediately, will further strengthen WILLIS' presence in the country, in particular in the growing Employee Benefits and Construction sectors. Terms of the transaction are not disclosed.