Rehder y Asociados Group is currently Aon’s representative office in Lima, Peru

Money

Marsh say it has agreed to buy the Peru brokerage business Rehder y Asociados Group. Terms of the transaction were not disclosed.

Rehder y Asociados Group is currently Aon’s representative office in the South American country. It has more than $30m in revenues and a 17% share of Peru’s broking business.

The transaction is anticipated to close in the second quarter of 2013. The combined entity will operate under the name Marsh Rehder.

Rehder chief executive Javier Rehder will become deputy chief executive of the combined company. Chief executive of Marsh Peru Juan Carlos Rizo Patron will be chief executive of Marsh Rehder.

“Peru offers one of the most dynamic business environments in South America, and I am excited by the opportunity to serve a broader range of clients here,” said Marsh president and chief executive Peter Zaffino. “Rehder’s long reputation for excellent client relationships, when combined with our local, regional and global capabilities, will provide a compelling offering for companies in this fast-growing economy.”