Marsh is considering selling its Private Client Services (PCS) unit in Asia, which specialises in financial risk management and life insurance for high-net-worth individuals, reported Bloomberg, citing sources.

The insurer, previously known as Marsh & McLennan, is said to be working with an adviser on the potential sale as part of efforts to refine its global asset portfolio.

According to sources, the PCS business, which operates under Marsh’s Mercer subsidiary, has attracted preliminary interest from both private equity firms and industry competitors.

The unit could be valued at several hundred million dollars if a deal proceeds, the sources said.

Discussions are under way and no final decision has been reached, noted the news agency.

Marsh declined to comment on the matter.

As per its website, PCS serves more than 8,000 clients across approximately 50 markets and maintains offices in Singapore, Shanghai, Hong Kong, Geneva and Zurich.

The possible sale would not impact Marsh’s private client services operations in the US under Marsh McLennan Agency.

For the fourth quarter of 2025, Marsh reported net income attributable to the company of $821m, up 4.2% from $788m in the prior year.

Revenue for the three-month-period ended 31 December 2025 was $6.6bn, an increase of 8.7% year on year. Full-year net income for 2025 rose to $4.1bn from $4bn in 2024.

While announcing rebranding plans last year, Marsh revealed its intention to create a new division called Business and Client Services (BCS), led by chief information and operations officer Paul Beswick.

The division will integrate data and technology including AI to improve client service and operational processes.