Global brokerage Willis Towers Watson has acquired a leading specialist mergers-and-acquisitions (M&A) broker in Australia, New Zealand, and South Africa.

The terms of the deal were not disclosed.

Risk Capital Advisors (RCA), which specialises in warranty and indemnity insurance and other specialist M&A products, such as tax (specifically indemnity) and environmental, will become a fully integrated part of the company’s FINEX global line of business.

“RCA is the foremost team in Australasia for warranty and indemnity insurance,” said Simon Weaver, head of Australasia. “This offering builds on our current FINEX specialties and supports the growing client needs and market dynamics we are experiencing locally.

“Furthermore, we see a great opportunity to provide additional benefits to target companies in M&A transactions, through Willis Towers Watson’s broader focus on offerings including benefits harmonisation, executive compensation reviews, review of risk strategies and more. The combination of our teams will strengthen our value proposition for all our clients, by providing a wider and deeper range of expertise and service.”

Jill Stewart, head of Willis Towers Watson FINEX in Australasia, added: “Combined with our financial lines expertise including directors’ and officers’, professional indemnity, and cyber insurance, we now have one of the most complete financial and executive risk offering in the Australasian market to support clients in a wide range of industries.”