Marsh & Mclennan Agency Acquires Tequesta Insurance Advisors
New York | August 07, 2015
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.
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.