Willis Towers Watson has accomplished its acquisition of
TRANZACT, a supplier of direct-to-consumer gross sales and advertising and marketing options for
particular person Medicare and life insurance coverage insurance policies within the US, from funding agency
Clayton, Dubilier & Rice (CD&R).
TRANZACT, which employs roughly 1,300 people,
together with 850 licensed brokers, has seen speedy development in its core Medicare
markets beneath CD&R’s possession.
The corporate connects particular person customers to US insurance coverage
carriers and helps customers determine the correct insurance coverage choice for his or her
wants.
Stephen Shapiro, accomplice at CD&R, mentioned TRANZACT is a “textbook
instance of an progressive service enterprise, underpinned by leading edge
expertise and analytics”.
He mentioned integration into the Willis Towers Watson
platform will open up vital new alternatives for TRANZACT’s future
development.
Willis Towers Watson acquired the agency for $1.3bn
(£1.07bn).
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