Marsh, a wholly owned subsidiary of Marsh & McLennan Cos., is purchasing the brokerage business of Alexander Forbes, a provider of financial and risk services internationally. The business consists of Alexander Forbes Risk Services (AFRS) and certain local and correspondent operations serviced across sub-Saharan Africa, including Botswana and Namibia. Financial terms of the deal have not been disclosed. Post-deal, Jurie Erwee, CEO of AFRS, will be named CEO of the combined business in Africa, to be known as Marsh Africa. He will work under David Batchelor, CEO of Marsh’s Europe, Middle East and Africa region.
Click here for the release from Business Wire.