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Marsh to acquire majority stake in Moroccan insurance broker

Posted On: Nov. 23, 2022 9:02 AM CST

U.S.-based Marsh and McLennan Cos Inc. is planning to exercise its option to acquire majority shares in Moroccan insurance broker Beassur Marsh, Middle East Insurance Review reported. Marsh acquired a minority stake in Beassur in 2019. After the completion of the newly announced transaction, Beassur Marsh will operate as Marsh Morocco and will be spearheaded by Beassur’s incumbent chief executive, Mehdi Tazi.