Marsh & McLennan Agency Acquires Employee Benefits Division of Independent Insurance Group
20 12월 2012 - 11:00PM
Business Wire
Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance
broker Marsh Inc., today announced it has acquired Independent
Insurance Group Benefits, Inc., the employee benefits division of
Dallas-based Independent Insurance Group. Terms of the deal were
not disclosed.
Independent Insurance Group Benefits, with annual revenue of
approximately $1.4 million, will be folded into Prescott Pailet
Benefits, a Marsh & McLennan Agency company, further expanding
the firm’s depth and expertise in employee benefits. The
transaction marks the first complementary acquisition for Prescott
Pailet, which MMA acquired in July 2011.
Founded in 1994, Independent Insurance Group Benefits offers a
full spectrum of employee benefits products and services to midsize
employers in the Dallas metropolitan area. All of the group’s
leadership and employees, including its president Joe Wiseman, will
join Prescott Pailet.
“We are delighted to welcome Independent Insurance Group
Benefits’ talented and experienced employee benefits professionals
to Prescott Pailet Benefits,” said Stuart Prescott, principal. “The
addition enables us to offer greater resources and a broader
platform to serve the employee benefits needs of our clients. At
the same time, Independent Insurance Group Benefits’ clients will
now have access to a wider array of capabilities and resources from
MMA.”
Commenting on the transaction, David Eslick, chairman and CEO of
MMA said: “Fold-in acquisitions like this are an essential
component of our strategy to become one of our industry’s
preeminent national businesses. We are thrilled that Joe Wiseman
and the rest of the Independent Insurance Group Benefits team are
joining MMA.”
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
US. MMA operates autonomously from Marsh to offer commercial
property, casualty, personal lines, and employee benefits to
clients across the US.
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 over 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 talent, health,
retirement, and investment consulting; and Oliver Wyman, a global
leader in management consulting. Follow Marsh on Twitter
@Marsh_Inc.
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