The global specialist in insurance brokerage and risk management, Marsh, will take a minority stake in Beassur, one of Morocco’s leading insurance brokers.
The two firms concluded an agreement in this sense, the terms of which will be revealed during this month. At the end of this deal, Beassur will be named Beassur Marsh.
This insurance broker, founded in 1974, specializes in risk management and insurance brokerage for large organizations as well as for medium-sized companies. It operates in sectors such as construction and public entities.
“This investment will give Marsh a strategic footprint in the Moroccan market,” said the two parties. Founded in 1981, Marsh operates in 130 countries (more than 35,000 employees) and has a turnover of $ 5 billion. It should be noted that Beassur was advised in this transaction by West Capital Partners and Africa Advisor.