Marsh & McLennan Agency Acquires Vero Insurance
October 04 2016 - 1:09PM
Business Wire
Florida Agency Expands Private Client
Expertise
Marsh & McLennan Agency LLC (MMA), the middle market agency
subsidiary of Marsh, today announced that it has acquired Vero
Insurance, Inc., a Vero Beach, Florida-based independent agency
specializing in private client insurance services. Terms of the
transaction were not disclosed.
Founded in 1960, Vero Insurance specializes in providing high
net worth individuals, families, and small businesses along
Florida’s Central Atlantic coast with a wide range of insurance
products and services. All of Vero Insurance’s 24 employees will
join MMA and continue to operate out of the agency’s existing
office under the leadership of its President Jonathan
Schwiering.
“Vero Insurance is a well-run and respected high-net-worth
private client agency whose local talent and expertise will
complement and expand MMA’s capabilities in this important
segment,” said Dave Eslick, chairman and CEO of Marsh &
McLennan Agency. “We welcome Jonathan Schwiering and his team to
MMA.”
“Joining MMA is an excellent opportunity for Vero Insurance to
build upon its success over the last five decades,” said Mr.
Schwiering. “With access to MMA’s additional expertise and
resources, our clients will benefit from a wider range of solutions
to address their needs, while continuing to enjoy the same
signature personal service they’ve come to expect from Vero.”
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: http://www.businesswire.com/news/home/20161004006395/en/
Marsh & McLennan Agency LLCSally Roberts,
303-952-9453sally.roberts@marsh.comorLee Ann Farwell,
212-345-1125leeann.farwell@marsh.com
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