Marsh & McLennan Agency Acquires Brower Insurance Agency LLC
05 12월 2012 - 11:00PM
Business Wire
Continuing its strategy to build a national platform, Marsh
& McLennan Agency LLC (MMA), a subsidiary of insurance broker
Marsh Inc., today announced the acquisition of Brower Insurance
Agency, one of the largest independent agencies in Ohio. Terms of
the transaction were not disclosed.
Founded in 1935 and headquartered in Dayton, Ohio, Brower has
annual revenues of approximately $24 million and 164 employees in
four Ohio offices: Dayton, Cincinnati, Columbus, and Springfield.
Brower provides property/casualty insurance, employee benefits
services, and consulting services to midsize businesses and
individuals. The firm has specialty practices in surety,
construction, health care, transportation, and schools and
municipalities.
Brower will serve as MMA’s Midwest hub and will seek to expand
MMA’s footprint in the region through further spoke and fold-in
acquisitions. All of Brower’s leadership and employees, including
Managing Principal Chris McAtee, will join MMA.
“Brower’s strong regional presence, top-notch leadership,
sales-oriented culture, and diversified mix of business were very
attractive as we looked for a quality partner to join MMA,” said
David Eslick, chairman and CEO of MMA. “We welcome Chris and the
rest of the Brower team to MMA and look forward to expanding our
presence in the Midwest.”
“Joining MMA represents an excellent growth opportunity for
Brower,” Mr. McAtee said. “As part of MMA, we will be able to
continue our strong legacy of developing and delivering innovative,
value-driven insurance and risk management programs to our clients
while also having access to the support and resources of the
world’s leading insurance broker and risk advisor.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC, a subsidiary of Marsh, was
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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