Insurance broker Marsh, Inc., said it is considering selling twoof its wholesale brokerage units.
|In a statement, Marsh, a subsidiary of the services firm Marsh& McLennan Companies based in New York, said it has hired Bancof America Securities, LLC, to act as its financial advisor toexplore strategic alternatives for its wholesale brokingoperations, Crump Group, Inc., based in Dallas, Texas, and PriceForbes Limited, based in London, England.
|Earlier this month, American Wholesale Insurance Group purchasedCrump's New Jersey wholesale brokerage operation.
|In February, Willis sold Stewart Smith to American Wholesale,and Aon announced it was looking into alternatives for its Swett& Crawford wholesale unit.
|Jay Gelb, a financial analyst with Prudential, said in a reportthat the sale was not surprising in light of Aon's and Willis'sactions. The sale, he said, would have a 1 to 2 cent-per-shareimpact on the company's stock.
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