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."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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