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Marsh Looking To Sell Wholesale Units

Insurance broker Marsh, Inc., said it is considering selling two of its wholesale brokerage units.In a statement, Marsh, a subsidiary of the services firm ...

By Mark E. Ruquet | Updated on February 04, 2005

Insurance broker Marsh, Inc., said it is considering selling two of 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 Banc of America Securities, LLC, to act as its financial advisor to explore strategic alternatives for its wholesale broking operations, Crump Group, Inc., based in Dallas, Texas, and Price Forbes Limited, based in London, England.

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