Willis/Marsh? A Firm ‘No Comment,’ But Rumors Persist

January 22, 2008

The rumors, and at this point that’s all they are, apparently started with a brief report on CNBC that Willis Group Holdings had expressed interest in acquiring Marsh, Inc. from MMC.

Is there any truth in it? “No comment,” said Jason Groves, head of media at Marsh’s London office. His response echoes MMC and Willis senior management, who have refused any commentary on the rumor.

Despite those statements a number of people in London’s insurance community have indicated they believe that “where there’s smoke there’s fire.” Two senior Willis executives are said to have flown from London to Florida to meet with their opposite numbers at Marsh. MMC’s recent decision to separate Marsh into an international group and a US/Canada Group has fueled speculation that the international division may be on the block. If so, Willis would seem to be a logical candidate.

With most large multi-national groups more or less settled in with their particular insurance brokers, competition for new business is mainly centered on small to medium sized companies, Groves explained. In this field Marsh competes not only with Aon, Willis, Gallagher and other major brokers, but also with local and regional brokers, many of whom continue to accept contingent commissions.

Competition for business, perhaps coupled with Marsh’s recent management changes, might make a sale of at least the international part of Marsh a viable option. For the moment, however, there appears to be nothing concrete as far as the rumors are concerned.

Subscribe Insurance news headlines delivered to your email.
Get a free subscription to our popular email newsletter.

Latest Comments

  • January 28, 2008 at 2:12 am
    Honest Broker says:
    Good Riddance! Marsh is a plague on the honest brokerage community. The sooner Darwinian forces do what they must, the better!
  • January 28, 2008 at 12:19 pm
    Ex Marshian says:
    Que buen vasallo si tuviese buen señor ....
  • January 28, 2008 at 10:35 am
    Ex-Marshian says:
    I also was a casualty of the Spitzer lawsuit as were many talented people. What many of us have observed is that Marsh can not seem to shed its attitude of being superior even... read more
See all comments

Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features