OFT won't refer the deal to the Competition Commission; chief executive Martin South to conclude deal soon

The Marsh and HSBC Insurance Brokers deal has been given the go ahead by regulators.

The Office of Fair Trading (OFT) had been looking at the deal to see if it breached competition commission rules, and decided not to refer it to the Competition Commission. The OFT examines all major deals as a matter of course.

Marsh snapped up HSBC Insurance Brokers in £135m deal, which is expected to be concluded within the next week.

A stock exchange statement said: "The OFT has decided, on the information currently available to it, not to refer the following merger to the Competition Commission."