New York-based Marsh is buying Rehder y Asociados Group, an insurance provider in Lima, Peru.
The deal includes insurance broker Rehder and Humanasalud, the health and benefits unit. The company has about 250 employees.
Marsh, a subsidiary of Marsh McLennan Companies (NYSE: MMC), offering insurance brokerage services globally. Terms of the deal were not disclosed.
The combined company will be called Marsh Rehder. The transaction is expected to close in the second quarter.
Other recent insurance transactions include Confie Seguros’ acquisition of Texas State Low Cost Insurance Agency of Austin, its purchase of Capital Insurance Agency and Aquiline Capital Partners’ deal for Equity Insurance Group.