Marsh & McLennan to Buy Majority Stake in Panama’s Semusa

Marsh & McLennan Cos., the world’s largest insurance broker by market value, agreed to buy a majority stake in Panama-based Semusa to strengthen its position in Central America and the Caribbean.

Marsh & McLennan expects the transaction to be completed in the third quarter, the New York-based company said today in a statement distributed by Business Wire that didn’t disclose terms.

To contact the reporter on this story: Kelly Gilblom in New York at kgilblom@bloomberg.net

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

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