Marsh & McLennan Agency Acquires Dawson Insurance
November 04 2015 - 9:00AM
Business Wire
Fargo Agency Expands MMA’s Footprint into North
Dakota
Marsh & McLennan Agency LLC (MMA), the middle market agency
subsidiary of Marsh, today announced it has acquired Dawson
Insurance Agency, a 98-year-old family-owned agency in Fargo, North
Dakota. Terms of the transaction were not disclosed.
Established in 1917, Dawson Insurance provides commercial and
personal insurance, surety bonds, safety and loss control programs,
and employee benefits services to clients throughout North Dakota
and Minnesota. It has a particular focus on the construction and
real estate industries.
Dawson Insurance generates $10 million in revenue and has 58
employees, all of whom are joining MMA’s upper Midwest region. It
will continue to operate out of its two existing offices in Fargo
as Dawson Insurance, a Marsh & McLennan Agency LLC company,
under the existing leadership of Tom Dawson and Dan Armbrust.
“Dawson Insurance’s extensive industry knowledge, history of
client innovation, and culture of giving back to the community made
it the perfect choice for MMA to enter the North Dakota market,”
said David Eslick, MMA chairman and CEO. “We welcome Tom, Dan, and
the rest of the Dawson Insurance team to the firm and look forward
to growing our footprint in the region.”
Tom Dawson, president of Dawson Insurance, added: “We’re excited
to begin our agency’s next 100-year journey with the exceptional
people at MMA. Our dedicated team here at Dawson, our clients
throughout the region, and the companies we represent will benefit
greatly from our expanded access to services and expertise. In
addition, we will maintain our strong culture and tradition of
community involvement.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh
established in 2008 to primarily serve the needs of 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151104005292/en/
Marsh & McLennan AgencyJeff Mulfinger763 746 8257 | 651 425
8371jeff.mulfinger@marshmma.com
Marsh and McLennan Compa... (NYSE:MMC)
Historical Stock Chart
From Apr 2024 to May 2024
Marsh and McLennan Compa... (NYSE:MMC)
Historical Stock Chart
From May 2023 to May 2024