Marsh ends 48-year Thailand joint venture

The transaction took effect on 1 July 2026 and its financial terms remain undisclosed.

Marsh has taken full ownership of its Thailand operations, completing a buyout of its joint venture partners.

Effective 1 July 2026, the business has transitioned from Marsh Risk Thailand to a wholly owned subsidiary operating under the legal name Marsh Risk (Thailand) Company Limited. 

The acquisition ends a 48-year partnership with local minority shareholders, including the PB Group and Khun Piya Jittalan.

The New York Stock Exchange-listed firm stated that the transition allows the company to invest further in its local workforce and expand its risk advisory, insurance broking, and risk management services in the country.

Derek Heng, the  CEO of Marsh Thailand, confirmed that the corporate restructuring will not disrupt current operations. 

He stated that the unified brand ownership gives the company greater ability to scale its capabilities and support clients through an increasingly complex risk environment.

The financial terms of the transaction were not disclosed.