Marsh & McLennan Agency Acquires Insurance Associates
02 7월 2018 - 10:00PM
Business Wire
Acquisition Expands MMA’s Presence in the
Mid-Atlantic
Marsh & McLennan Agency LLC (MMA), the middle market agency
subsidiary of Marsh, today announced that it has acquired Insurance
Associates, a Rockville, Maryland-based independent insurance
agency specializing in the construction industry. Terms of the
transaction were not disclosed.
Founded in 1956, Insurance Associates provides commercial
property/casualty insurance, surety, and employee health and
benefits solutions to clients throughout the Mid-Atlantic. It
operates out of four offices in Rockville, Maryland; Laurel,
Maryland; Towson, Maryland; and Fairfax, Virginia, and has 59
employees, all of whom will join MMA and continue to work out of
their current locations.
“Insurance Associates is an excellent addition to MMA as it
expands our presence into the greater Washington DC region and
further enhances our construction capabilities,” said John
Stanchina, president and CEO of MMA’s Mid-Atlantic Region.
Stephen Spencer, president of Insurance Associates, added:
“Joining MMA is an excellent opportunity that allows us to keep and
grow our local team while giving us the capabilities of a national
platform to build upon our success.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh
established in 2008 to serve as a platform for the middle market.
In 2015, it expanded its national footprint into Canada. MMA offers
commercial property, casualty, personal lines, and employee
benefits to midsize businesses and individuals across North
America.
About Marsh
A global leader in insurance broking and innovative risk
management solutions, Marsh’s 30,000 colleagues advise individual
and commercial clients of all sizes in over 130 countries. Marsh is
a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:
MMC), the leading global professional services firm in the areas of
risk, strategy and people. With annual revenue over US$14 billion
and nearly 65,000 colleagues worldwide, MMC helps clients navigate
an increasingly dynamic and complex environment through four
market-leading firms. In addition to Marsh, MMC is the parent
company of Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on
Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.
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version on businesswire.com: https://www.businesswire.com/news/home/20180702005274/en/
Marsh & McLennan Agency, LLCHeather Dutch,
336-346-1385Heather.Dutch@MarshMMA.com
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