Marsh & McLennan Agency Acquires Rosenfeld Einstein
10 9월 2012 - 10:00PM
Business Wire
Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance
broker Marsh Inc., today announced that it has acquired Rosenfeld
Einstein, a $9 million property/casualty and employee benefits
agency based in Greenville, South Carolina. Terms of the
transaction were not disclosed.
With roots dating back to 1933, Rosenfeld Einstein offers a wide
range of property/casualty and employee benefit services to clients
in the Southeast and mid-Atlantic regions. All of the agency’s 55
employees, including principals Dan Einstein, Howard Einstein, and
Nathan Einstein will join MMA’s mid-Atlantic hub led by
Rutherfoord, a Marsh & McLennan Agency LLC company, and
continue operating out of the firm’s Greenville, South Carolina
office.
“As a well-managed and growing enterprise with a strong platform
of property/casualty and employee benefits and a reputation for
service excellence, Rosenfeld Einstein is a perfect fit to join MMA
in the mid-Atlantic,” said Thomas R. Brown, vice chairman of
Rutherfoord/MMA. “With this transaction, we are expanding our
market position into South Carolina and enhancing our
property/casualty and employee benefit capabilities to better serve
the needs of our clients.”
“As the risk management, health care, and employee benefit
landscapes continue to evolve, joining forces with MMA provides our
clients with access to even-greater depth and breadth of risk
expertise and a wider array of services and solutions to meet the
emerging and complex risk issues they face,” said Howard Einstein,
principal of Rosenfeld Einstein. “We are thrilled to be joining
forces with MMA and look forward to helping to build what is fast
becoming one of our industry’s top national businesses.”
Commenting on the transaction, David Eslick, chairman and CEO of
Marsh & McLennan Agency, said: “Rosenfeld Einstein is another
example of MMA’s ability to attract high-quality talent and
expertise to our growing firm. We welcome Dan, Howard, Nathan, and
the rest of the Rosenfeld Einstein team to MMA.”
Rosenfeld Einstein is the 21st acquisition Marsh & McLennan
Agency has completed since November 2009. MMA currently generates
approximately $380 million in annualized revenue.
About Marsh & McLennan Agency
Headquartered in White Plains, New York, Marsh & McLennan
Agency LLC is a subsidiary of Marsh established in 2008 to meet the
needs of midsize businesses in the U.S. MMA operates autonomously
from Marsh to offer commercial property, casualty, personal lines,
and employee benefits to clients across the U.S.
About Marsh
Marsh, a global leader in insurance broking and risk management,
teams with its clients to define, design, and deliver innovative
industry-specific solutions that help them protect their future and
thrive. It has approximately 26,000 colleagues who collaborate to
provide advice and transactional capabilities to clients in over
100 countries. Marsh is a wholly owned subsidiary of Marsh &
McLennan Companies (NYSE: MMC), a global team of professional
services companies offering clients advice and solutions in the
areas of risk, strategy and human capital. With 53,000 employees
worldwide and annual revenue exceeding $11 billion, Marsh &
McLennan Companies is also the parent company of Guy Carpenter, a
global leader in providing risk and reinsurance intermediary
services; Mercer, a global leader in human resource consulting
and related services; and Oliver Wyman, a global leader in
management consulting. Follow Marsh on Twitter @Marsh_Inc.
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