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RPT-Marsh & Mclennan mulling Benfield counterbid - paper

LONDON
Mon Sep 1, 2008 3:01pm EDT

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LONDON (Reuters) - American insurance broker Marsh & Mclennan Cos Inc (MMC.N) may gatecrash its rival Aon Corp's AOC.N agreed 844 million pounds ($1.6 billion) takeover deal for UK-listed broker Benfield Group Ltd BFD.L, 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)


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