Distribution deal forms part of HSBC Marsh UK sale terms
Marsh will enter into a long-term strategic distribution deal with HSBC as part of its agreement to buy the banking giant's insurance broking arm.
According to sources, the multi-year partnership will form part
of the sale agreement with HSBC, following the latter's
decision to exit insurance broking.
Although neither Marsh nor HSBC would comment, many expect the
transaction to be confirmed before the year-end.
With a turnover of over £100mn, HSBC Insurance Brokers is likely to cost Marsh between ...
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