Towers Watson (NYSE, Nasdaq: TW), has acquired Liazon Corp. for $215 million.

Buffalo, N.Y.-based Liazon develops and delivers private employee benefit exchanges. The company’s benefits are distributed through 400 insurance brokers.

Tower Watson, headquartered in New York, is a professional services company that provides benefits, talent management, and risk and capital management.

Cadwalader Wickersham & Taft LLP acted as Towers Watson’s legal counsel, while Lowenstein Sandler LLP provided legal advice to Liazon.

Other recent insurance deals include the Carlyle Group's (Nasdaq: GC) acquisition of a stake in Englewood Partners Insurance Center, and Axa's acquisition of a stake in Colpatria Seguros

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