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Apr
08

HSBC Sells Brokerage Unit to Marsh

Marsh & McLennan Co. Inc., one of the world's largest insurance brokerages and risk management companies, has announced the completion of a deal which sees the company acquire HSBC Insurance Brokers Ltd (HIBL), a wholly owned subsidiary of HSBC Bank PLC. Marsh, which announced its intentions in December 2009, is estimated to have paid somewhere in the region of US$ 205 million for HSBC's brokerage…

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