Marsh & McLennan to Acquire McGriff Insurance Services for $7.75 Billion in Cash

Marsh & McLennan Companies is set to acquire McGriff Insurance Services in a substantial cash deal valued at $7.75 billion. This strategic move is aimed at enhancing Marsh & McLennan’s position in the insurance sector and expanding its capabilities.

The acquisition is expected to provide significant opportunities for growth, leveraging McGriff’s insurance expertise and client relationships. The deal reflects Marsh & McLennan’s commitment to strengthening its portfolio and offering comprehensive risk management solutions to clients.

The transaction is subject to customary closing conditions and regulatory approvals, with anticipated completion later this year. This acquisition signals a notable consolidation within the industry, positioning Marsh & McLennan for greater competitiveness in the marketplace.