Marsh to buy HSBC Insurance Brokers

HSBC building London

Marsh has also entered into a preferred strategic partnership with HSBC

Marsh has today announced it has reached an agreement to acquire HSBC Insurance Brokers (HIBL), a wholly owned subsidiary of HSBC Bank.

Marsh will pay £135m for HIBL in a mixture of Marsh & McLennan Companies stock and cash. The transaction is expected to be completed in the first quarter of 2010 subject to all relevant regulatory approvals.

As predicted by Insurance Age, Marsh has also entered into a preferred strategic partnership (PSP) with HSBC which, according to Marsh, will provide

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Arch goes live on Applied

Applied has confirmed that Arch Insurance has launched a specialist property owners insurance product on its commercial e-trading panel.

Biba 2024: FCA to take its time on transparency proposals

Emily Shepperd, chief operating officer of the Financial Conduct Authority, has said the regulator was “overwhelmed” at the response and amount of feedback to its transparency proposals, and that it is going to “really take our time” when considering any possible next steps.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: