Diot-Siaci completes acquisition of Réunion Aérienne & Spatiale

European broker Diot-Siaci has completed the acquisition of a majority stake in Réunion Aérienne & Spatiale (RA&S), a French aviation insurance specialist.

The transaction involves the creation of a business unit within Diot-Siaci dedicated to large risks. The new unit will combine RA&S teams based in Paris and London.

The financial terms of the deal were not disclosed.