Marsh Acquires FRT to Expand Footprint in Italy

Deal News | Mar 04, 2025 | Re-Insurance News

Marsh Acquires FRT to Expand Footprint in Italy

Marsh, a global insurance broker, has acquired Fontana Rava-Toscano & Partners (FRT), a Milan-based insurance brokerage firm, as part of its expansion strategy in Italy. FRT, established in 1992, specializes in property, casualty, and risk consulting services for middle-market organizations across industries such as industrial, manufacturing, financial institutions, and aviation. Post-acquisition, FRT will operate under the name Marsh FRT, with its partners continuing to lead efforts to expand services to middle-market clients in coordination with Marsh McLennan's other businesses. The acquisition aims to enhance Marsh's expertise in Italy, offering clients a wider array of solutions while integrating FRT’s specialist capabilities. The transaction underscores Marsh's commitment to strengthening its Italian operations and highlights FRT’s robust reputation and consulting skills, promising greater growth opportunities for both clients and employees.

Sectors

  • Insurance
  • Risk Management

Geography

  • Italy – The acquisition targets a Milan-based company, making Italy a key geographical focus in this strategic business expansion.

Industry

  • Insurance – The article discusses the acquisition of an insurance brokerage firm, Fontana Rava-Toscano & Partners (FRT), expanding Marsh's capabilities in this industry.
  • Risk Management – FRT specializes in risk consulting services, which is a crucial part of the risk management industry, relevant to the context of the article.

Financials

  • Undisclosed – The financial terms of the acquisition were not revealed.

Participants

NameRoleTypeDescription
MarshBidding CompanyCompanyA global insurance broker acquiring FRT to expand its business operations in Italy.
Fontana Rava-Toscano & Partners (FRT)Target companyCompanyAn insurance brokerage firm based in Milan, serving middle-market organizations in various sectors.
Marsh McLennanParent CompanyCompanyThe parent company of Marsh, involved in the expansion strategy in Italy.
Stefano Toscano, Paolo Vigo, Edoardo Poss, and Nicol Fontana RavaPartnersPeoplePartners in FRT leading the expansion efforts post-acquisition.
Flavio PiccolominiCEO, Marsh McLennan InternationalPeopleCommented on the strategic importance of the acquisition.