wants to talk to
Marsh & McLennan
about acquiring its larger competitor in the insurance brokerage space, according to a televised report.
reported on the development Thursday. Willis has a market capitalization of $5.3 billion, making it less than half the size of Marsh, which is valued at more than $13 billion.
Following the report, shares of Marsh rose to a session high of $27.89, up $1.44 on the day.