Global risk advisor, insurance and reinsurance broker Willis Australia has completed the acquisition of Perth-based independent broker, CKA Risk Solutions.
Further details of the transaction were not disclosed.With this acquisition, Willis Australia is expected to strengthen its existing business through enhancing talent pool of risk experts focused on the global natural resources, industrial and commercial sectors.
Willis Australasia CEO Roger Wilkinson said: “This is the biggest change for Willis Australia in many years and gives us a leading position in the western region, where we see high growth potential, especially in natural resources.
“Willis and CKA have a firm foundation of shared values and a common culture. That will be critical in helping drive us forward as we develop our business together.”
According to Wills, the combined company will employ more than 65 associates and also develop into one of the largest corporate insurance broking companies in the region.
In addition, CKA Director Stuart McLean will be appointed as the general manager of the combined firm, which will be located the existing CKA office and will initially trade as Willis CKA.