Insurance brokerage giant Marsh plans to start a new unit focusing on small and emerging growth companies early next year, and some local insurance brokerages are already trying to gauge what the Bay Area impact will be.
Marsh didn’t identify the cities, but San Francisco and the Bay Area are a logical locale for a brokerage unit focusing on emerging-growth companies in the high-tech, biotech and cleantech realms, among other Bay Area specialties.
Jack Butcher, admiral and CEO of the new unit, said Marsh has absitively on the antecedent locations, but isn’t revealing them yet. Details will emerge “as we phase them in through the late fourth quarter of 2008 and the first quarter of 2009,” Butcher told the Business Times.
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