Willis to Buy Avalon to Expand Broker’s Business in Canada

Willis Group Holdings Plc (WSH), the third-largest insurance broker, agreed to buy Avalon Actuarial Inc. to expand in Canada.

Avalon’s Jean-Robert Elie will serve as the buyer’s executive vice president and Canadian human capital practice leader after the deal is completed, London-based Willis said today in a Globe Newswire statement that didn’t disclose terms.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net