Marsh Acquires Honan Insurance Group
August 21, 2023
Marsh, a business of Marsh McLennan, has agreed to acquire 100% of Honan Insurance Group Pty Ltd, including the 80% stake held by TA Associates. The acquisition — terms not disclosed and subject to regulatory approvals — brings Honan’s specialist corporate risk, employee benefits and strata/real estate insurance capabilities and ~400 employees across Australia, New Zealand and Asia into Marsh to deepen its regional and specialty insurance offering.
- Buyers
- Marsh
- Targets
- Honan Insurance Group Pty Ltd
- Sellers
- TA Associates
- Industry
- Insurance
- Location
- Victoria, Australia
- Transaction Type
- Buyout
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