Marsh & McLennan Agency Acquires Insurance Partners of Texas
New York | May 08, 2017
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired Insurance Partners of Texas, an Abilene, Texas-based employee benefits consulting firm. Terms of the transaction were not disclosed.
Founded in 2004, Insurance Partners of Texas offers a wide range of employee health and benefits-related services to midsize employers in Texas. All Insurance Partners of Texas employees will join MMA, expanding the firm’s presence into Abilene.
“We are excited to have the talented and experienced employee benefits professionals at Insurance Partners of Texas on our team. This transaction allows us to continue our expansion into West Texas,” said Bill Henry, CEO of MMA’s Southwest region.
Summer Powers, Insurance Partners of Texas Office Leader, added: “Joining MMA enables us to provide additional expertise and resources to our clients as well as meaningful growth opportunities for our colleagues.”
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.
A global leader in insurance broking and innovative risk management solutions, Marsh’s 30,000 colleagues advise individual and commercial clients of all sizes in over 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$13 billion and more than 60,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. In addition to Marsh, MMC is the parent company of Guy Carpenter, which develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities; Mercer, which delivers advice and technology-driven solutions that help organizations meet the health, wealth and career needs of a changing workforce; and Oliver Wyman, a critical strategic, economic and brand advisor to private sector and governmental clients. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.