Marsh bid for HSBC sparks rumours of affinity deal
Proposed takeover could be part of larger deal giving Marsh access to banking clients
Marsh's bid to buy HSBC Insurance Brokers could form part of a wider deal with the bank, according to market speculation.
Market sources said that Marsh had offered to buy the bank's broking arm, HSBC Insurance Brokers, as a sweetener for HSBC in order to secure an affinity deal with the bank.
However, both companies refused to comment on the speculation.
HSBC's decision to sell the division forms part of a wider shake-up of its insurance operations.
The bank disposed of its insurance operations
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