Marsh weighs divestment of Asian private client services unit

Marsh is considering selling its Private Client Services (PCS) unit in Asia, which specialises in financial risk management and life insurance for high-net-worth individuals, reported Bloomberg, citing sources. The insurer, previously known as Marsh & McLennan, is said to be working with an adviser on the potential sale as part of efforts to refine its global asset portfolio. According to sources, the PCS business, which operates under Marsh’s Mercer subsidiary, has attracted preliminary interest from b ...