Marsh to acquire majority share in Moroccan broker Beassur Marsh

25 March 2024 — Andrei VICTOR
Global insurance broker Marsh announced that it intends to exercise its option to acquire the majority of shares in Beassur Marsh, a leading insurance broker in Morocco. The announcement follows Marsh’s acquisition of a stake in the business in June 2019. Terms of the transaction were not disclosed.

On completion, Beassur Marsh will operate as Marsh Morocco and Mehdi Tazi, currently CEO of Beassur Marsh, will become CEO of Marsh Morocco. He will be supported by Anis Safraoui, Head of North & Western Africa - Marsh, and other members of the combined leadership team across the region.

Headquartered in Casablanca, the Beassur Marsh team will become part of Marsh’s expanding network of dedicated regional expertise across the Africa region. As well as benefitting from local knowledge and experience, clients will also have access to Marsh’s global resources and capabilities – including insurance, reinsurance, and benchmarking, data and analytics solutions – through Marsh’s international placement teams and its leading risk advisory services.