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Marsh to acquire SME Insurance Services

New York, NY   |   Montag, 01 Juni 2015

Acquisition creates platform to develop presence in fast-growing commercial market

Marsh, a global leader in insurance broking and risk management, today announced that it had reached a definitive agreement to acquire Leeds-based SME Insurance Services (SMEi), an independent broker that provides specialist commercial insurance to small and midsize enterprises across the UK. Terms of the transaction, that is expected to close in the third quarter of this year, were not disclosed.

SMEi has developed a highly effective online and telephone-based business model which enables it to provide clients with flexible and comprehensive insurance solutions, tailored to their individual requirements, regardless of size or risk profile. SMEi also operates Broker2Broker, an online trading platform that offers independent insurance brokers access to a wide range of products through a panel of commercial insurers.

On closing, Roger Snowden and Jason Gandy, co-founders of SMEi, will join Marsh to help drive forward its small and midsize enterprise strategy, reporting to Julie Page, CEO of Marsh’s UK Commercial and Consumer Division.

“This transaction will further enhance Marsh’s capability to serve small and midsize businesses across the UK and builds on our earlier acquisition of Central Insurance Services (CIS).  Marsh identified both SMEi and CIS as high quality, fast-growing businesses,” said Mark Weil, CEO, Marsh UK & Ireland. “The SMEi online and call center platform, when combined with Marsh’s ability to provide extensive risk and insurance advice and its strong insurer relationships, will create a breakthrough in the convenience, quality, and cost of insurance solutions available to SMEs. The addition of the SMEi’s Broker2Broker platform will also bring significant benefit to the members of Marsh’s broker networks.”

Jason Gandy, co-founder of SMEi, said: “Becoming part of Marsh is good news for our clients and colleagues. By combining our expertise with Marsh’s wide range of services, we will be able to accelerate our development and widen our range of products. Our colleagues will also benefit from expanded career opportunities. We look forward to becoming part of Marsh and delivering a better way for SMEs to obtain the best risk and insurance advice.”

Über Marsh

Marsh ist der weltweit führende Industrieversicherungsmakler und Risikoberater. Unsere rund 35.000 Mitarbeiter helfen mittelständischen Unternehmen und Konzernen aller Branchen in mehr als 130 Ländern mit innovativen Absicherungslösungen und Beratungsleistungen ihre Risiken erfolgreich zu managen. Für die Marsh GmbH sind in Deutschland über 700 Mitarbeiter an den Standorten Baden-Baden, Berlin, Detmold, Düsseldorf, Frankfurt, Hamburg, Leipzig, München, Saarbrücken, Stuttgart und Ulm tätig. 

Marsh ist Teil der Marsh & McLennan Companies (NYSE: MMC), einem weltweit führenden Beratungsunternehmen in den Bereichen Risiko, Strategie und Personal. Marsh & McLennan Companies hat einen Jahresumsatz von fast 17 Mrd. US-Dollar und beschäftigt rund 76.000 Mitarbeiter. Die vier Tochterunternehmen von MMC – Marsh, Guy Carpenter, Mercer und Oliver Wyman – unterstützen Kunden dabei, sich sicher in einem stetig dynamischer und komplexer werdenden Umfeld zu bewegen. Folgen Sie Marsh auf Twitter @MarshGlobal oder auf LinkedIn, Facebook und YouTube oder abonnieren Sie unseren Nachrichtenservice BRINK.