Lockton Brazil Expands with Acquisition of Specialist Broker VIS

Dec 16, 2015, 14:38 ET from Lockton

SAO PAULO, Dec. 16, 2015 /PRNewswire/ -- Lockton Brazil is pleased to announce the acquisition of VIS Corretora de Seguros e Beneficios Ltda (VIS), a specialist insurance and employee benefits broker in Sao Paulo with 27 staff members. Terms of the agreement were not disclosed. The agreement is effective January 1, 2016.

 

It is anticipated that by early January, VIS´staff will be fully integrated into Lockton Brazil´s new Sao Paulo offices at Rua Alexandre Dumas, 2200.

"We saw in VIS, a client centric culture and dynamic management team, which will complement our strategy and further strengthen our expertise in the local market," said Tony Gusmao, CEO of Lockton Brazil.

VIS is a consulting, insurance brokerage, and benefits advisor which offers customers full risk consulting support. VIS guides clients in all aspects of their business from operations to attracting and retaining talent.

"As much as ongoing consolidation in the Brazilian broking and consulting market is expected, there are a limited number of quality companies of this size with such an experienced management team," explained Gusmao. "We were really pleased to have been able to attract them to Lockton." 

"Joining a credible, independent and multinational broker such as Lockton will give our clients access to new markets, expertise, and services, as well as provide our team with exciting career opportunities," said Nicholas Weiser, CEO and co-founder of VIS. Weiser will be joining Lockton Brazil´s Executive Committee beginning January 1.

About Lockton
More than 5,600 professionals at Lockton provide 48,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 10th largest overall. For seven consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.

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