Willis Towers Watson has acquired Risk Capital Advisors, a specialist M&A broker with offices in Hong Kong, Johannesburg, London, Melbourne and Sydney for an undisclosed sum.

Established in 2011 in Australia, RCA provides advisory and brokerage services, specialising in warranty and indemnity insurance and other specialist M&A products, such as tax (specifically indemnity) and environmental lines.

RCA will become part of the broker’s Finex (financial, executive and professional risk) global line of business.

Commenting on the acquisition, Willis Towers Watson’s head of Australasia Simon Weaver said: “RCA is the foremost team in Australasia for warranty and indemnity insurance. This offering builds on our current Finex specialties and supports the growing client needs and market dynamics we are experiencing locally.”

Jill Stewart, head of Willis Towers Watson Finex in Australasia, commented: “Combined with our financial lines expertise including directors’ & officers’, professional indemnity and cyber insurance, we now have one of the most complete financial and executive risk offerings in the Australasian market to support clients in a wide range of industries. We look forward to the RCA team joining us, for the collective benefit of clients and colleagues.”