Marsh & McLennan Agency Acquires Klein Agency
03 7월 2018 - 10:00PM
Business Wire
Minnesota Agency Expands Construction
Capabilities in MMA’s Upper Midwest Region
Marsh & McLennan Agency LLC (MMA), the middle market agency
subsidiary of Marsh, today announced that it has acquired Klein
Agency, Inc., a St. Paul, Minnesota-based surety and
property/casualty agency specializing in the construction industry.
Terms of the transaction were not disclosed.
Klein Agency is a third-generation family-run agency. It has
focused for more than 50 years on helping construction companies
with their surety bonding, as well as personal and business
insurance needs. All of Klein’s employees and leadership will join
MMA, and continue operating out of Klein’s existing office.
“With Klein Agency’s people, resources, and expertise now part
of MMA, our region will expand its ability to deliver world class
surety services to our construction clients in Minnesota as well as
the upper Midwest,” said Tim Fleming, CEO of MMA’s upper Midwest
region.
“We’re eager to begin working collaboratively with our new
colleagues at MMA. Together, we will deliver an enhanced suite of
services to our clients,” said Steve Klein, Vice President of Klein
Agency.
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
Marsh is a global leader in insurance broking and risk
management. Marsh helps clients succeed by defining, designing, and
delivering innovative industry-specific solutions that help them
effectively manage risk. Marsh’s approximately 30,000 colleagues
work together to serve clients in more than 130 countries. Marsh is
a wholly owned subsidiary of Marsh & McLennan Companies (NYSE:
MMC), a global professional services firm offering clients advice
and solutions in the areas of risk, strategy, and people. With
annual revenue of US$13 billion and approximately 60,000 colleagues
worldwide, Marsh & McLennan Companies is also the parent
company of Guy Carpenter, a leader in providing risk and
reinsurance intermediary services; Mercer, a leader in talent,
health, retirement, and investment consulting; and Oliver Wyman, a
leader in management consulting. Follow Marsh on Twitter,
@MarshGlobal; LinkedIn; Facebook; and YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20180703005042/en/
Marsh & McLennan Agency LLCJeff Mulfinger,
763-746-8257jeff.mulfinger@marshmma.com
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