The business being acquired involves mainly third-party wholesale or independent brokers who compete with Marsh for retail business, the specialty brokerage said in a statement. Warburg Pincus-backed start-up McGill & Partners has agreed with Marsh and JLT Specialty to acquire the renewal rights to several London-based businesses for an undisclosed sum. The deal is expected to close in early 2018, subject to regulatory approvals. The deal is scheduled to complete in September.
Warburg Pincus-backed start-up McGill & Partners has agreed with Marsh and JLT Specialty to acquire the renewal rights to several London-based businesses for an undisclosed sum. The deal is expected to close in early 2018, subject to regulatory approvals. The deal is scheduled to complete in September.