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Article: Broker consolidations even making waves South of the Border. (merger of Aon Corp. and Alexander and Alexander Services Inc.; Mexico)
- Article from:
- Business Insurance
- Article date:
- May 26, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MEXICO CITY - The effects of global broker consolidation are being felt in Mexico, where multinational brokers have strengthened their presence in recent years by buying interests in local companies.
In some ways, Aon Corp.'s purchase of Alexander & Alexander Services Inc. and Marsh & McLennan Cos. Inc.'s takeover of Johnson & Higgins are fostering a market response in Mexico similar to one that has emerged in the United States, said Alexis Marquard, international director in Mexico City for Bourchier, Marquard, Zepeda Agente de Seguros S.A. de C.V., one of Mexico's larger retail commercial brokerages. BMZ is Willis Corroon Group P.L.C.'s Mexico representative.
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