Marsh McLennan, the global insurance and reinsurance broker, has reached an agreement through its subsidiary, Marsh McLennan Agency to acquire full-service insurance brokerage, McGriff Insurance Services, LLC, for a cash consideration of $7.75 billion, funded by a combination of cash and proceeds from debt financing.
The transaction is targeted to close by the end of this year subject to regulatory clearance and other standard closing conditions.
Please read the full article here: Marsh McLennan to acquire McGriff Insurance Services in $7.75bn transaction - Reinsurance News