British insurance broker Benfield Greig Group reported Aug. 13 it was not in takeover talks, following a report that U.S. insurer Marsh & McLennan was discussing a potential bid with the firm, according to Reuters.
Benfield commented in a statement that no third party had undertaken any due diligence on the company relating to making a possible bid for it.
If Marsh were to purchase Benfield, it would open up access to Benfield’s much regarded computer models, which would help cut costs through the integration of software systems.
Was this article valuable?
Here are more articles you may enjoy.
Musk’s Boring Co. Working on Tunnel to Link Austin and San Antonio 
Online Insurance Marketplace Insurify Blocks Meta’s Personal AI Agent Muse 
Here Are Some AI Doomsday Scenarios Researchers Say Could Put Humanity at Risk 
New Data Centers Worth $68 Billion Disrupted in US, Data Show 
