Marsh & McLennan Buys Insurance Broking Firm, Boosts Presence In Australia And New Zealand
Portfolio Pulse from Lekha Gupta
Marsh & McLennan Companies Inc (NYSE:MMC) has announced the acquisition of Honan Insurance Group Pty Ltd, a specialist insurance broker operating in Australia, New Zealand, and Asia. The deal, expected to complete in 2023, will enhance MMC's corporate risk and strata insurance offerings in Australia and New Zealand. The financial details of the transaction were not disclosed.
August 21, 2023 | 9:47 am
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The acquisition of Honan Insurance Group by Marsh & McLennan Companies Inc (NYSE:MMC) is expected to strengthen its corporate risk and strata insurance offerings in Australia and New Zealand.
The acquisition of Honan Insurance Group will allow Marsh & McLennan to expand its insurance offerings in Australia and New Zealand, potentially leading to increased revenues and market share in these regions. This could have a positive impact on the company's stock price in the short term.
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