The Benfield Group has announced further expansion, after its Australian subsidiary, Benfield Australia, acquired the entire issued share capital of Airs Re, an Australian-based reinsurance broker.
It said the deal was worth up to $A800,000.
Benfield International chief executive David Spiller said: "We believe that the Airs Re portfolio of customers represents an attractive addition to Benfield's business base in Australia, and will enable us to continue to grow our business in the region.
"The acquisition of Airs Re is in line with our intention to make strategic acquisitions which complement our core operations."
