Marsh & McLennan Agency Acquires Highsmith Insurance
New York | February 07, 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.”
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$14 billion and nearly 65,000 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, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.