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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