Marsh & McLennan downgraded to Neutral from Outperform at Credit Suisse Credit Suisse downgraded Marsh & McLennan to reflect its high exposure to property & casualty insurance brokerage platform vs. higher revenue healthcare exchange revenues. Price target raised to $53 from $48.
Mercer to acquire Jeitosa Group International, terms not disclosed Mercer announced that it has agreed to acquire the business of Workday Services Partner Jeitosa Group International, a global HR business consultancy and IT systems integration firm. The transaction is subject to the terms and conditions of the definitive agreement between Mercer and Jeitosa Group International and is expected to close during the fourth quarter of 2014. Terms of the agreement were not disclosed.
Marsh to acquire Torrent Technologies, terms not disclosed Marsh announced that it has signed a definitive agreement to acquire Torrent Technologies, a service provider to Write Your Own insurers participating in the National Flood Insurance Program. The transaction is subject to customary closing conditions. Terms were not disclosed.