CNBC is reporting that Willis Group, the insurance brokerage that employs 1,000 people at its Nashville operations, has approached Marsh & McLennan about a merger that would create an industry leader.
The move echoes chatter that last surfaced more than a year ago, around the time Willis Chairman and CEO Joseph Plumeri visited his Nashville office and talked about his growth plans.
Marsh & McLennan also owns Kroll, which also has a substantial local presence. The company last year sold off its asset management unit and has struggled to placate investors disappointed with its struggling stock price.
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