MDS Group to acquire the (re)insurance business of Larrondo Risk Solutions.

MDS Group, a multinational insurance and reinsurance brokerage and risk consultancy, has agreed to acquire the (re)insurance business of Larrondo Risk Solutions, with a focus on the Latin American and marine insurance markets. Financial terms were not disclosed. "It is a great pleasure to welcome Adrián Larrondo to the MDS family… His deep knowledge of the sector and the Iberian and Latin American markets will be a key asset in strengthening our presence," Álvaro Mengotti, MDS CEO.