Marsh & McLennan Agency Acquires Highsmith Insurance
New York | February 08, 2018
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired Highsmith Insurance, a Raleigh, North Carolina-based independent insurance brokerage firm. Terms of the transaction were not disclosed.
Founded in 1974, Highsmith Insurance offers a wide range of insurance and bond products to midsize employers and individuals throughout the Mid-Atlantic with offices in Raleigh, North Carolina; Charleston, South Carolina; and Nashville, Tennessee. All of Highsmith’s employees will join MMA, expanding the firm’s presence in the region.
“We are focused on adding high-quality agencies in the Mid-Atlantic with strong management, a great mix of business, and talented colleagues with a dedication to client service. We found this with Highsmith and are excited they are joining MMA,” said Tom Brown, Chairman of MMA Mid-Atlantic region.
Ty Highsmith, President of Highsmith Insurance, added: “Joining MMA provides us with access to a national footprint that will enable us to grow, offer our clients additional expertise and resources, and provide our colleagues new career opportunities.”
Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.