Marsh & McLennan’s Mercer Buys Canada Pension Wind-Up Business

Marsh & McLennan Cos., the insurance broker by market value, said its Mercer consulting unit agreed to buy a business in Canada from PricewaterhouseCoopers LLP that helps clients wind-up pension plans.

The acquisition is expected to be completed by the end of the third quarter and will help Mercer expand its retirement consulting business in North America, New York-based Marsh & McLennan said today in a statement that didn’t disclose terms of the deal.

To contact the reporter on this story: Noah Buhayar in New York at nbuhayar@bloomberg.net.

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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