MMC eyes HSBC's insurance arm
Tue 24 Nov, 2009 04:11
LONDON (Reuters) - Marsh & McLennan , the second-largest global insurance broker by assets, is exploring a deal to buy part of HSBC's (HSBA.L) insurance business, the Daily Telegraph reported in its Tuesday editions.
MMC is thought to be closing in on HSBC Insurance Brokers, which analysts have valued at between 150-200 million pounds, according to industry insiders, the newspaper said. The newspaper added that talks between the two groups are at an advanced stage. MMC and HSBC were not immediately available for comment.
(Reporting by Michael Taylor; editing by Carol Bishopric)
Share Prices
Other Stories
- European governments agree to help Greece
- BHP cautious on China demand
- Greece bailout hopes spur stocks, euro higher
- Inside Toyota's epic breakdown
- Toyota recalls new Prius in latest safety fix
- Iceland wants new Icesave talks
- Gmail takes on Facebook, Twitter
- Eurozone agreed in principle to aid Greece - source
- Barclays CEO hits out at U.S. reforms
- Kraft confirms Cadbury's plan to shut Bristol plant
- German government denies decision on Greece aid
- European governments agree to help Greece - source
- FTSE boosted by miners
- Lloyds calls time on Irish retail banking
- Eurozone agrees to aid Greece - source
- Opel asks for 1.5 billion euros
- National Express CEO to start Feb 15
- Lloyds to close Irish branches - union
- Top financial regulator quits
- Funds trade more often than claimed - study