Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Independent Insurance Group Benefits Inc., the employee benefits division of Independent Insurance Group. Terms of the deal were not disclosed.
According to MMA, Independent Insurance Group Benefits, with annual revenue of about $1.4 million, will be folded into Prescott Pailet Benefits, a Marsh & McLennan Agency company. This will further expand the firm’s depth in employee benefits. The transaction marks the first complementary acquisition for Prescott Pailet, which MMA acquired in July 2011.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access