GrECo to acquire MAI CEE.

GrECo, an insurance broker, agreed to acquire MAI CEE, an insurance broker. RMS, an insurance company, will divest its 72% stake. Financial terms were not disclosed. “We followed MAI’s successful progress over the last decades, and made no secret of our long-standing respect for MAI and belief in the cultural compatibility of the two groups. I am confident that, as we bring the strengths of MAI into GrECo, we will have a significant influx of talent and create a combined group with deep expert skills and an unmatched CEE network in 18 countries. The acquisition of MAI adds a decisive momentum to the growth strategy of our entire group and significantly enhances our value proposition for clients and partners,” Friedrich Neubrand, GrECo International Chief Executive Officer.