Marsh & McLennan Companies said it has no interest in acquiring reinsurance broker Benfield Group, after reports surfaced the company was planning to make a counteroffer to Aon's planned acquisition.
Over the weekend, London's Sunday Telegraph as well as Reuters reported that New York-based Marsh & McLennan planned to make a counterbid for Benfield, after Chicago-based insurance broker Aon said last month it would acquire the reinsurance broker for $1.75 billion.
A company representative told National Underwriter that, “MMC has no interest in putting forth a counter bid for Benfield.”
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