Buy HSBC Insurance Broker Marsh and closed a strategic agreement with British bank

Hibler, international broker and insurance risks based in London, has approximately 1,400 employees in 30 offices between the United Kingdom, Asia and Middle East.

Marsh, the first global consulting firm in risk and insurance, recently announced the purchase by HSBC Insurance Broker Ltd. (Hibler), the insurance division of British bank HSBC. Under the terms of this agreement, Marsh Hibler acquire 135 million pounds, amount to be paid in cash and in shares of Marsh & McLennan. The closing date of the transaction, subject to all relevant regulatory approvals, is expected in the first quarter of 2010.


Furthermore, in parallel with this acquisition, Marsh closed a strategic alliance with HSBC, which allows you to have preferential access to corporate clients and private bank, considered one of the largest financial institutions in the world in terms of assets. This agreement is part of Marsh's strategy of further increasing their income by improving their service offerings and solutions in risk consulting and insurance brokerage.

Hibler, international broker and insurance risks based in London, has approximately 1,400 employees in 30 offices between the United Kingdom, Asia and Middle East. Considered one of the main corridors of the United Kingdom, Hibler turn holds a significant market share in countries where Marsh already has a significant and major growth plans, as UAE, Saudi Arabia, Qatar, China , Hong Kong, India, Singapore, South Korea and Taiwan. In addition, Hibler enjoys a strong position in such important sectors as education, Maritime and Art.
"The acquisition of Hibler is a great opportunity for Marsh and for our customers and employees, and for the team Hibler. We are particularly pleased with the strategic agreement we reached with HSBC, it will allow us to leverage relationships and network to generate new business overall, "said Dan Glaser, chairman and CEO of Marsh world.

For Clive Bannister, managing director of the insurance holding company of HSBC, "the best of this agreement is that, firstly, we extend the reach and sophistication of the mediation services of HSBC for our customers, while at the same time, we refine our strategic vision for the bank-insurance model, with emphasis on life, pensions and investments.

"From an operational standpoint, cultural and geographical Hibler activities fit perfectly with those of Marsh," confirmed Alex MOCZARSKI, president of the International Division of Marsh. "It is an important supplement that enhances our presence in high growth areas."