Marsh Acquires Sumitomo Life Insurance Agency America, Inc.
May 07 2015 - 4:00AM
Business Wire
Combination Expands Marsh’s Employee Health and
Benefit Capabilities for Japanese Companies in the US
Marsh, a global leader in insurance broking and risk management,
today announced the acquisition of Sumitomo Life Insurance Agency
America, Inc.(SLIA), the employee benefits brokerage and consulting
subsidiary of Sumitomo Life Insurance Company of Japan. Terms of
the transaction were not disclosed.
With offices in New York, Los Angeles, Atlanta, Chicago, and
Crescent Springs, Kentucky, SLIA specializes in providing a wide
range of employee benefit and other services to US-based
subsidiaries of Japanese companies.
SLIA employees will become part of Marsh’s Asia Client Services
(ACS) team under the leadership of John McDonnell, president and
CEO of ACS in the US.
“Sumitomo Life Insurance Agency America is a high-quality
employee benefits firm with a solid reputation for client service
excellence,” said David Batchelor, head of Marsh’s International
Division. “Combined, Marsh ACS is better positioned to offer
clients a full range of health, benefit, and property/casualty
solutions.”
Hirofumi Shimoyama, Marsh’s Japan Country Head and Global Japan
Client Services leader, added: “Japanese multinationals continue to
look to the US for global expansion and they need a global risk and
insurance advisor that understands their corporate culture and the
environment in which they operate. The acquisition of SLIA is
further testament to Marsh’s commitment to serve this dynamic
market segment.”
“I am delighted that SLIA will become part of Marsh ACS,” said
Masato Naitoh, SLIA’s president.
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 27,000 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 57,000 colleagues worldwide and annual revenue exceeding US$13
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
@MarshGlobal, or on LinkedIn, Facebook, and YouTube.
MarshSally Roberts, 303-952-9453sally.roberts@marsh.comorLee Ann
Farwell, 212-345-1125leeann.farwell@marsh.com
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