Marsh Exploring Options for Wholesalers Crump and Price Forbes
Marsh Inc., a leading risk and insurance services firm, announced that it has retained Banc of America Securities LLC to act as its financial advisor to explore strategic alternatives for its wholesale broking operations, Crump Group, Inc., based in Dallas, Texas, and Price Forbes Limited, based in London, England.
Marsh has nearly 30,000 employees and annual revenues exceeding $5 billion. The firm provides advice and transactional capabilities to clients in over 100 countries.
Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 60,000 employees and annual revenues exceeding $12 billion.
MMC also is the parent company of Guy Carpenter, Kroll, Putnam Investments, and Mercer. MMC's stock (ticker symbol: MMC) is listed on the New York, Chicago, Pacific, and London stock exchanges.
Crump is a multi-line wholesale insurance brokerage group with facilities that span the excess, surplus and specialty insurance marketplace.
Price Forbes is a Lloyd's broker based in London, and trading with all of the major international insurance and reinsurance markets in London, Bermuda, the USA and Europe.
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