RPT-Marsh & Mclennan mulling Benfield counterbid - paper

Sun. August 31, 2008; Posted: 08:22 AM

LONDON, Aug 31, 2008 (Reuters via COMTEX) -- MMC | Quote | Chart | News | PowerRating -- American insurance broker Marsh & Mclennan Cos Inc may gatecrash its rival Aon Corp's agreed 844 million pounds ($1.6 billion) takeover deal for UK-listed broker Benfield Group Ltd, reported the Sunday Telegraph.

It said Marsh & McLennan, which is being advised by Citi, had made a fully-funded offer for the London-listed company before Aon made its approach.

The report said Marsh & McLennan is assessing whether it is able to make a counterbid to create one of the world's biggest reinsurance brokers by merging Benfield with Guy Carpenter, its own reinsurance broking division.

No-one at Benfield could immediately be reached for comment.

(Editing by David Holmes) ($1=.5461 Pound) Keywords: BENFIELD/MARSH tf.TFN-Europe_newsdesk@thomsonreuters.com wj

Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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