Reports indicate that Hillhouse Investment is close to finalizing an agreement to acquire the financial risk management and life insurance brokerage business from Marsh (MRSH.US), which primarily serves high-net-worth individuals in Asia. According to informed sources, the involved companies are negotiating the agreement, with a potential announcement as early as Friday, May 8. Hillhouse's offer reportedly outbid other private equity firms, positioning it as the most likely potential buyer for Public Client Services (PCS), a subsidiary of Marsh's Mercer. The company's website states that PCS provides financial risk management and life insurance services to over 8,000 clients across approximately 50 markets, with offices in Singapore, Hong Kong, Shanghai, Geneva, and Zurich. Sources indicated in February that Marsh was considering a sale of PCS, in collaboration with advisors, to streamline its global asset portfolio. The transaction could value the business at several hundred million dollars.