Marsh has completed its previously agreed acquisition of Leeds, England-based SME Insurance Services (SMEi), an independent broker which provides specialist commercial insurance to small and medium-sized enterprises across the UK. The transaction was announced on June 1.
The addition of SMEi’s online and call center platform enhances Marsh’s capability to serve small and medium-sized businesses across the UK, while SMEi’s Broker2Broker platform also brings significant benefit to the members of Marsh’s broker networks, the company said in a statement.
Roger Snowden and Jason Gandy, co-founders of SMEi, have now joined Marsh to help drive forward its small and medium-sized enterprise strategy.
“Our acquisition of SMEi considerably extends Marsh’s reach across the UK’s small and medium-sized enterprise sector,” said Mark Weil, CEO of Marsh UK & Ireland. “Since the announcement in June, we have been working closely with its management team and have been impressed by their knowledge, insight and understanding of the SME segment. I am delighted to welcome SMEi colleagues to Marsh.”
“Becoming part of Marsh is great news for our clients and colleagues alike,” said Gandy. “We look forward to a rapid integration of the businesses and delivering a better way for SMEs to obtain risk and insurance advice that enables them to be more resilient and successful.”
Source: Marsh
Related:
Marsh to Acquire UK-Based Broker, SME Insurance Services
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Adjuster and Son Charged With Embezzlement in Roof Jobs 
FBI Says Chinese Hackers Preparing to Attack US Infrastructure 
Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M 
JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback 
