During the third quarter earnings call for 2024, Marsh McLennan’s President and CEO, John Doyle, announced that the company expects its $7.75 billion acquisition of McGriff Insurance Services to result in modestly accretive adjusted earnings per share in its first year, with greater benefits anticipated in subsequent years. The acquisition, funded through a mix of cash and debt financing, is set to close by year-end pending regulatory approval. Doyle emphasized the strong cultural fit and client-focused approach of McGriff, highlighting synergies that could enhance service delivery and create new opportunities. Established in 1886, McGriff specializes in commercial property and casualty insurance, among other services.
