Marsh & McLennan Agency Acquires Tequesta Insurance Advisors
August 07 2015 - 09:00AM
Business Wire
Marsh & McLennan Agency LLC (MMA), the middle market agency
subsidiary of Marsh, today announced that it has acquired Tequesta
Insurance Advisors, a leading personal, commercial, and employee
benefits insurance provider in Florida. Terms of the transaction
were not disclosed.
With approximately $10 million in annual revenues and 50
employees, Tequesta adds additional property/casualty capabilities
and personal lines expertise to MMA’ s Florida region. All of
Tequesta’s employees are joining MMA and will continue to operate
out of the agency’s Tequesta, Florida office.
“I’m delighted to welcome CEO Mark Kasten, President Geoff
Mayfield and the rest of the Tequesta team to MMA,” said Shannon
Alfonso, president of MMA’s Florida region. “With the addition of
Tequesta, MMA now has more than 220 colleagues in eight offices
throughout Florida providing risk, insurance, and benefit solutions
to middle market companies and individuals in the state.”
Tequesta’s Mr. Mayfield said: “After 50 years in the insurance
agency business, we are proud to join MMA. Combining forces
will improve our ability to find solutions for our clients, ensure
new opportunities for our associates, and expand the services we
provide to our clients.”
Commenting on the transaction, David Eslick, chairman and CEO of
MMA, said: “Tequesta is a welcome addition to our expanding roster
of high-quality agencies that now make up Marsh & McLennan
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 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 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, or
on LinkedIn, Facebook and YouTube.
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version on businesswire.com: http://www.businesswire.com/news/home/20150807005053/en/
Marsh & McLennan AgencyCristy Leon,
305-717-6054Cleon@mma-fl.com
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