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Marsh strategy will close gap with Aon
24 November 2009
Alan Devlin, analyst for Atlantic Equities, has told Reactions that a tie-up between MMC and HSBC Insurance Brokers would help Marsh close the gap between itself and its closest rival Aon, the largest broker in the UK.
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[HSBC Insurance Brokers]
[MMC]
[Marsh]
[Aon]
Yesterday Reactions reported that insurance broker Marsh & McLennan Companies (MMC) is believed to be mulling the potential acquisition of UK-based rival HSBC Insurance Brokers. According to Alan Devlin, analyst for Atlantic Equities, the deal would help Marsh close the gap between itself and its closest rival Aon, the largest broker in the UK. HSBC's insurance brokerage operations are the ninth largest insurance broker in the UK. The Daily Telegraph has reported that Marsh McLennan could acquire HSBC's insurance brokerage unit for approximately £150 to £200m ($250 to $330m). “The acquisition would close the gap between Aon and...
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