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HSBC has introduced that it has signed a brand new, five-year dealer settlement with Marsh. The settlement builds on a relationship that started in 2010.
The settlement covers seven markets – France, Hong Kong, mainland China, Mexico, Turkey, the UK and the US – on insurance coverage merchandise for corporates. Marsh will act as a dealer for insurance coverage merchandise – together with property, casualty, and different threat switch merchandise – by a referral mannequin wherein it sources merchandise from third-party suppliers to help the insurance coverage wants of HSBC industrial banking prospects.
“Insurance coverage is a basic ingredient of threat mitigation; it protects companies towards shocks and helps strong recoveries ought to an incident happen,” stated Chris Lay, CEO of Marsh UK & Eire. “We’re delighted to increase Marsh’s collaboration with HSBC as we proceed to work collectively to offer options to their prospects globally.”
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“We’re assured this settlement with Marsh will deliver a extra complete suite of providers and merchandise to our prospects and supply best-in-class insurance coverage options,” stated Eric Emore, world head of worldwide and partnerships at HSBC Life. “We’re excited to proceed and lengthen our relationship.”
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