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Marsh to acquire SME Insurance Services

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Marsh L.L.C. has entered into an agreement to acquire U.K.-based SME Insurance Services Ltd., The Yorkshire Post reports.

The terms of the transaction have not been disclosed.

The deal is likely to close in the third quarter of 2015.

The co-founders of SME Insurance, Roger Snowden and Jason Gandy, would join Marsh. They will report to Julie Page, CEO of Marsh's U.K. commercial and consumer division, reports The Yorkshire Post.

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