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.

Latest Comments

• June 2, 2005 at 6:00 am

  Big V says:

  Guys - We are getting way off base here. Lets get back to the bidding between Tiger and Lowball. I want to see what fees lowball adds to his quote
• June 2, 2005 at 5:30 am

  realist says:

  Hey TEH, get a life! To Nostalgic-very well said. This goes on today where a retail broker like a Bub places an account in one of their 'parent' company's "programs" and has t... read more
• June 2, 2005 at 3:14 am

  Nostalgic says:

  As an employee of a national broker during the 60's 70's and 80's, our company promoted "vertical integration", as did all of the big brokers, and mgmt openly encouraged risk ... read more