M/10/001 – Marsh UK Group Limited / HSBC Insurance
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: firstname.lastname@example.org
Media enquiries: MKC Communications: 01 7038600