Marsh Acquires Fontana Rava-Toscano & Partners
In a strategic move to bolster its presence in the Italian market, insurance broker Marsh has successfully acquired Fontana Rava-Toscano & Partners (FRT), a well-established brokerage firm based in Milan. While the financial terms of the transaction remain undisclosed, the acquisition marks a significant step in Marsh’s growth trajectory within Italy.
Founded in 1992 by Giancarlo Fontana Rava and the current partners, FRT has carved out a niche in the property and casualty insurance sector. The firm is renowned for its risk consulting services, catering predominantly to middle-market entities, many of which operate internationally across pivotal industries such as industrial manufacturing, finance, and aviation. Notably, FRT also offers specialized services in employee benefits and financial risk management.
Following the acquisition, FRT will now operate under the brand Marsh FRT. The firm’s partners, including Stefano Toscano, Paolo Vigo, Edoardo Poss, and Nicolò Fontana Rava, will play a pivotal role in enhancing the ambitions of their middle-market clientele. They will leverage the expertise of Marsh McLennan’s other divisions, namely Guy Carpenter, Mercer, and Oliver Wyman, to deliver comprehensive solutions.
Flavio Piccolomini, CEO of Marsh McLennan International, commented on the acquisition: “The integration of FRT represents a crucial advancement in our aggressive expansion strategy for Italy. FRT is celebrated for its impeccable reputation, profound expertise, and consultancy acumen. By merging our capabilities, we aim to provide enriched specialist expertise to our Italian clients. We hold the management and team at FRT in the highest esteem and look forward to collaborating to offer market-leading solutions.”
Stefano Toscano, reflecting on the acquisition, stated: “Having spent three decades delivering bespoke brokerage solutions across vital sectors, this acquisition empowers our clients by granting them access to Marsh’s global resources and services. This transition will not only enhance our ability to deliver tailored, client-focused solutions but also offer expanded growth opportunities for our team.”
