Marsh to acquire Honan Insurance Group from TA Associates.

Marsh, a provider of insurance brokering and risk management services for enterprises, agreed to acquire Honan Insurance Group, a commercial insurance broker, from TA Associates. Financial terms were not disclosed. “This transaction is good news for both our clients and colleagues who will benefit from the combination of our experience with Marsh’s global resources and solutions. It is also significant recognition for the hard work and dedication of the entire Honan team, which has helped us create a valuable proposition for clients. With the support of TA over the last three years, Honan has undergone a period of accelerated growth, completing several acquisitions and increasing revenue and profitability. I look forward to building on our joint dedication to innovation and excellent client service, while supporting colleagues in their career development, and contributing to their continued success. The senior leadership team at Honan are committed to this exciting next phase of growth within Marsh," Andrew Fluitsma, Honan CEO.