M/10/001 – Marsh UK Group Limited / HSBC Insurance
Transaction details
The Competition Authority has, on 08 February 2010, cleared the proposed transaction whereby Marsh & McLennan Companies Inc. would acquire, through its subsidiary MMC UK Group Limited, sole control of HSBC Insurance Brokers Limited.
| Notification date | Decision date |
|---|---|
| Monday January 11, 2010 | Monday, February 8, 2010 |
| Parties Involved | Business activities |
|---|---|
| Marsh UK Group Limited | Marsh: a subsidiary of MMC, is active worldwide and in Ireland as an insurance broker, intermediary and risk advisor. |
| HSBC Insurance Brokers Limited | HSBC: HIBL is a wholly owned subsidiary of HSBC Insurance Brokers Holdings Limited, which in turn is ultimately a wholly owned subsidiary of HSBC Holdings plc. |
| Economic sector | Media merger |
|---|---|
| Non-life insurance distribution and reinsurance distribution | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, January 21, 2010 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Ms. Elisa Ryan | Tel: 01-804 5446, email: er@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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Competition and Consumer Protection Commission
PO Box 12585, Dublin 1, D01 C576
Tel +353 (0)1 402 5500
Consumer helpline 01 402 5555