JLT Re,the reinsurance unit of London-based JardineLloyd Thompson Group Plc, has acquired Olsa Re's portfolio in Peru,JLT Group said in a July 22 press release.

Termsof the deal were not disclosed.

The acquisitionstrengthens JLT Re's position as one of Peru's leading reinsurance brokers, withthe addition of Olsa Re's aviation industry expertise and client portfolio, JLTsaid.

OlsaRe is a Peruvian reinsurance broker with over three decades of specialist experiencein the aviation and cargo sectors, with clients also in Colombia, Ecuador and CostaRica.

"Theacquisition of Olsa Re's portfolio provides a strong strategic fit for our clientsand further strengthens the range of services we offer in Peru," said JoséMiguel González, CEO of JLT Re for Peru and Colombia.