US insurance broker giant Marsh & McLennan could announce the acquisition of Honan Insurance as soon as Monday.
, according to people familiar with the matter.
Marsh has emerged as the likeliest purchaser after beating other rivals in the industry and buyout firms, the people said. While a transaction is likely to be agreed imminently, the companies may have to clear regulatory approvals, the people said.TA Associates has been working with a financial adviser as it weighed a sale of the business amid interest from prospective buyers, Bloomberg News reported in June.
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