(AP Photo/Frank Franklin II)

June 20 (Bloomberg) — Marsh Ltd., the insurance unit of New York-based Marsh & McLennan Cos., has expressed interest in bidding for closely held Alexander Forbes Ltd. of South Africa, according to three people familiar with the talks.

Alex Forbes’s preference shares rose as much as 6.2 percent, the most in seven weeks, and were trading 3.5 percent higher at 9.50 rand as of 4:33 p.m. in Johannesburg. Marsh rose 0.6 percent to $52.16 as of 10:34 a.m. in New York, the highest in almost 11 years.

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