Marsh to acquire Honan Insurance Group
- Acquisition will deepen Marsh's specialist expertise in corporate risk and strata insurance.
- Transaction recognizes Honan's accelerated growth, acquisitions, and increased revenue and profitability.
- None.
Transaction to create leading corporate risk and strata insurance offering in
Founded in 1964, Honan operates across
On completion, Andrew Fluitsma, CEO of Honan, will report to Nick Harris, CEO, Pacific, Marsh. The well-regarded management team and employees of Honan will further strengthen Marsh’s corporate offering.
Commenting on the acquisition, Mr. Harris said: “The addition of Honan’s highly complementary capabilities, particularly in corporate risk and strata insurance, will enable Marsh to deepen the specialist expertise we provide to clients across
Mr. Fluitsma added: “This transaction is good news for both our clients and colleagues who will benefit from the combination of our experience with Marsh’s global resources and solutions. It is also significant recognition for the hard work and dedication of the entire Honan team, which has helped us create a valuable proposition for clients. With the support of TA over the last three years, Honan has undergone a period of accelerated growth, completing several acquisitions and increasing revenue and profitability. I look forward to building on our joint dedication to innovation and excellent client service, while supporting colleagues in their career development, and contributing to their continued success. The senior leadership team at Honan are committed to this exciting next phase of growth within Marsh."
About Marsh
Marsh is the world’s leading insurance broker and risk advisor. With over 45,000 colleagues operating in 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue over
About Honan Insurance Group
Founded in 1964, and headquartered in
About TA
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised
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Ewa Jaremka
+61 477 561 806
ewa.jaremka@marsh.com
Source: Marsh