Broker’s US boss hails acquisition fit

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Guy Carpenter & Co has purchased Maine-based Smith Group, a disability reinsurance risk manager and consultant.

The reinsurance broker will not reveal the amount it paid.

Guy Carpenter US chief executive Andrew Marcell said: “As our life, accident and health insurance clients continue to seek ways to grow profitably, the addition of Smith’s comprehensive offering of reinsurance products and services encompassing all aspects of long-term disability insurance business enhances our ability to deliver highly differentiated solutions to meet these clients’ unique needs.”