Marsh to acquire Honan Insurance Group
Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, today announced that it has reached agreement to acquire 100% of the outstanding share capital of Honan Insurance Group Pty Ltd (Honan), a leading specialist insurance broker in the areas of corporate risk, employee benefits, and strata and real estate insurance.
- Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, today announced that it has reached agreement to acquire 100% of the outstanding share capital of Honan Insurance Group Pty Ltd (Honan), a leading specialist insurance broker in the areas of corporate risk, employee benefits, and strata and real estate insurance.
- Terms of the acquisition, which is expected to be completed later in 2023 subject to regulatory approvals, were not disclosed.
- On completion, Andrew Fluitsma, CEO of Honan, will report to Nick Harris, CEO, Pacific, Marsh.
- The senior leadership team at Honan are committed to this exciting next phase of growth within Marsh."