Marsh in discussions over possible U.K. broker buy
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Marsh L.L.C. is in preliminary discussions about a possible purchase of Bristol, England-based insurance brokerage and employee benefits consultancy Jelf Group P.L.C.
Jelf said in a statement Wednesday that it was in talks with Marsh but said that those discussions “are at an early stage and there can be no certainty that any offer ultimately will be made.”
A spokesman for Marsh in London said that the brokerage had no comment beyond the content of Jelf's statement.
Jelf, which has more than 69,000 corporate and commercial clients, posted revenues of £43.7 million ($68.4 million) for the first six months of 2015.
Marsh parent Marsh & McLennan Cos. Inc. is the world's largest insurance brokerage, according to Business Insurance's latest ranking.
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