NU Online News Service, Aug. 31, 2:42 p.m.EDT
The insurance brokerage business of South Africa-based AlexanderForbes will be acquired by insurance broker Marsh, a subsidiary ofMarsh & McLennan Companies.
According to a spokesperson for Marsh, the firm will payAlexander Forbes $116 million with an additional $44.6 million overthe following two years, in tranches, depending upon certainrevenue, operational and strategic targets.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.