Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker
Marsh LLC, today announced that it has acquired Senn
Dunn Insurance, the largest independent insurance agency in North
Carolina. Terms of the transaction were not disclosed.
Founded in 1927, Senn Dunn has annual revenue of approximately $30
million and 155 employees. Headquartered in Greensboro, North Carolina,
Senn Dunn provides a wide- range of property/casualty insurance and
employee benefit services to individuals and businesses throughout the
US. The firm has specific expertise in the construction, education,
environmental, social services, and financial services industries.
All of Senn Dunn’s employees and leadership, including CEO T. Gray
McCaskill, will join MMA’s mid-Atlantic region and continue to operate
out of their five existing offices in North Carolina: Greensboro,
Raleigh, Charlotte, High Point, and Wilmington.
Commenting on the acquisition, Thomas R. Brown, vice chairman of MMA’s
mid-Atlantic region, said: “Senn Dunn’s exemplary leadership, staff, and
reputation for being a client-focused organization with strong community
ties make it an excellent addition to MMA’s mid-Atlantic region.
Together, we will be the preeminent risk management firm in the state
offering clients a vast array of property/casualty and employee benefit
services.”
“We are excited to begin a new chapter with the MMA team,” said Senn
Dunn’s Mr. McCaskill. “This transition is an excellent opportunity to
expand our reach, ensuring new opportunities for our associates and more
resources for our clients. Senn Dunn’s commitment to our clients, our
associates, and to our communities will remain the foundation for all we
do as we continue to provide our clients with the world-class service
and expertise they’ve come to expect.”
David Eslick, chairman and CEO of Marsh & McLennan Agency, added: “Senn
Dunn is another great addition to the growing MMA family. I welcome Gray
McCaskill and the rest of the Senn Dunn team to MMA and look forward to
further growing our presence in the Carolinas.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC, a subsidiary of Marsh, was established in
2008 to meet the needs of midsize businesses in the US. MMA offers
commercial property, casualty, personal lines, and employee benefits to
clients across the US.
About Marsh
Marsh
is a global leader in insurance broking and risk management. We help
clients succeed by defining, designing, and delivering innovative
industry-specific solutions that help them effectively manage risk. We
have approximately 27,000 colleagues working together to serve clients
in more than 100 countries. Marsh is a wholly owned subsidiary of Marsh
& McLennan Companies (NYSE:MMC), a global professional services
firm offering clients advice and solutions in the areas of risk,
strategy, and human capital. With more than 54,000 employees worldwide
and approximately $12 billion in annual revenue, Marsh & McLennan
Companies is also the parent company of Guy
Carpenter, a global leader in providing risk and reinsurance
intermediary services; Mercer,
a global leader in talent, health, retirement, and investment
consulting; and Oliver
Wyman, a global leader in management consulting. Follow Marsh on
Twitter @MarshGlobal.
Copyright Business Wire 2014