UK group acquires leading Panamanian insurance brokerage

Grupo Unity,(Ducruet) a Panamanian regional insurance brokerage in Central America with operations in six countries, will be acquired by the UK’s Willis Towers Watson (WTW), the third-largest insurance broker in the world.

It has 45,000 employees in more than 140 countries and markets. The transaction will increase the reach, scale and talent of WTW in the Latin American region, both for the Corporate Risk and Brokerage segment, as well as for Human Capital and Benefits The closing of the transaction is subject to compliance with customary closing conditions, and approval by regulatory agencies, the companies announced in a joint statement.

“Unity and Willis Towers Watson have a great similarity in our vision focused on the client, the type of leadership and the way of doing business. We are sure that this transaction will give the insurance market greater scope and potential to grow inside and outside the region, ”said Luis“ Tito ”Ducruet, CEO of Grupo Unity;

Luis Maurette, head of  WTW Latin America, said: “The culture of Grupo Unity and its strong commercial approach perfectly complements Willis Towers Watson and gives us a great benefit to have its operating infrastructure. Grupo Unity, with headquarters in Panama and founded in 1991, operates throughout six countries (Panama, Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua), has more than 500 employees and has extensive management experience.