Kroll on the Auction Block for $1.3 Billion

J0288921 A little business news this morning.  Marsh & McLennan, the world's 2nd largest insurance broker, is reviewing offers for its Kroll security consulting unit.  There's sparse information available, but it's thought that Kroll has never been a good fit for the company, which originally paid $1.9 billion for it in 2004.

Is this a sign of further consolidation in our industry?  Does M&M need to raise cash in this tough economic environment?  Honestly, I don't know the answers.  Perhaps more information will come to light as the transaction progresses.

As a Registered Partner of Kroll's Ontrack unit, I'll be monitoring this story with interest.