Marsh & McLennan Agency Acquires Benefits Resource Group
White Plains, NY | December 05, 2016
Ohio Firm Adds Employee Benefits Expertise to MMA's Midwest Region
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired Benefits Resource Group (BRG), an Independence, Ohio-based employee benefits consulting firm. Terms of the transaction were not disclosed.
BRG offers a wide range of medical, life, and disability insurance to midsize employers in Ohio. All of BRG’s employees will join MMA’s Midwest region and will continue to operate out of the firm’s existing office under the leadership of its CEO, Charles Farro, and President, Ross Farro.
“Benefits Resource Group’s talented and experienced employee benefits professionals are a welcome addition to MMA’s Midwest region,” said Jeff Lightner, president and CEO of MMA-Midwest. “With BRG, we enhance our employee benefits presence and leadership in the Ohio market.”
Ross Farro added: “Today’s complex business environment requires a trusted benefits advisor that can creatively solve the myriad of challenges facing employers. By joining MMA, we maintain the same high-quality service and care our clients have come to expect, while being able to offer a broader array of capabilities and resources through MMA.”
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.