Marsh, the world leader in insurance broking and risk management consulting, officially joins the round table of Beassur March, an insurance broking operator in Morocco operating under the leadership of Mehdi Tazi.
Marsh actually has a majority stake. “This announcement follows Marsh’s acquisition of a stake in the company in June 2019. The terms of the transaction have not been disclosed,” Marsh Morocco said in a statement. And to clarify that “Mehdi Tazi is supported by Anis Safraoui, responsible for Marsh for North and West Africa, as well as all the other members of the management team across the region”.
Commenting on the announced acquisition, Christos Adamantiadis, Marsh CEO for the Middle East and Africa, said: “Following our successful investment three years ago, we are delighted to acquire a majority stake in Beassur Marsh and continue to develop our expertise and support our clients on the Moroccan insurance market”. And to continue: “this integration will allow us to invest more in the sector and to define new standards for insurance, advisory and risk management services in North and West Africa”. Mehdi Tazi, CEO of Beassur Marsh, for his part, added: “Thanks to Marsh’s network, large Moroccan companies will have local access to world-class insurance and risk management services and solutions that will help achieve their growth goals and strengthen their contribution to the region’s economic success. I look forward to working with our customers and colleagues to jointly seize the enormous opportunities that lie ahead.”
Based in Casablanca, the Beassur Marsh team is part of Marsh’s growing network of specialist expertise for Africa. “In addition to benefiting from leading local knowledge and experience, our clients will also have access to Marsh’s global resources and capabilities – including insurance, reinsurance, benchmarking and data analytics through Marsh’s international investment teams and its risk management advisory services.