Marsh & McLennan Agency Acquires Otis-Magie Insurance Agency, Inc.
11 12월 2018 - 11:00PM
Business Wire
MMA Expands Presence in Northern Minnesota
Marsh & McLennan Agency LLC (MMA), the middle market agency
subsidiary of Marsh, today announced that it has acquired
Otis-Magie Insurance Agency Inc., one of the largest privately
owned independent agencies in northern Minnesota. Terms of the
transaction were not disclosed.
Headquartered in Duluth, and with origins dating back to 1886,
Otis-Magie provides business insurance, employee benefits, and
personal insurance products and services to clients throughout the
northern Minnesota region. Otis-Magie’s 46 employees will continue
operating out of their existing locations under the name
Otis-Magie, a Marsh & McLennan Agency LLC company. Tom Stender,
who has served as Chairman and CEO of Otis-Magie since 2011, will
continue to lead the operation.
“MMA is committed to investing in and supporting the insurance
and risk management needs of employers and individuals in northern
Minnesota and Wisconsin,” said Tim Fleming, CEO of MMA’s upper
Midwest region. “We’ve known Otis-Magie for years and are thrilled
to have these talented people on our team. Combined, we will
deliver unparalleled risk expertise and service to clients in the
region.”
“We are delighted to join MMA and bring new and additional
services to clients and greater growth opportunities to our
colleagues,” Mr. Stender said.
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/20181211005113/en/
Jeff Mulfinger763-746-8257jeff.mulfinger@marshmma.com
Sally Roberts303-952-9453sally.roberts@marsh.com
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