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Marsh McLennan Agency (MMA) has acquired McDonald Zaring Insurance (MZI), expanding its operations in Walla Walla, Washington. Founded in 1932, MZI serves a diverse clientele, including agri-business and health clinics. All 19 employees from MZI will join MMA, establishing a new office in the region. MMA's CEO for the Northwest region highlighted the alignment of MZI's client-focused approach with MMA's values, while MZI's leadership expressed excitement over enhanced resources and development opportunities for employees.
Positive
Acquisition enhances MMA's presence in the Northwest region.
MZI provides access to new client segments including agri-business and wineries.
Integration of 19 experienced employees from MZI into MMA.
MMA's existing resources and development opportunities for new employees.
Negative
None.
Expands Presence in Northwest Region
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--
Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of McDonald Zaring Insurance (MZI), a full-service agency located in Walla Walla, Washington. Terms of the acquisition were not disclosed.
Founded in 1932, McDonald Zaring Insurance serves individuals and businesses across all industries and sizes, including agri-business, wineries, financial institutions, health clinics and contractors. All 19 McDonald Zaring Insurance employees will be joining MMA as part of a newly created MMA office in Walla Walla, including leaders Shaun Borth, David Borth and Kevin Baffney.
“McDonald Zaring Insurance prides itself on its extensive experience and deep client relationships, aligning perfectly with MMA’s approach to helping clients achieve their goals and create a limitless future,” commented Kyle Lingscheit, CEO of MMA’s Northwest region. “We look forward to the collaboration and innovation to come as we welcome MZI to the MMA team and further bolster our presence in the region.”
Shaun Borth added: “We are delighted to join MMA as this will allow us to provide expanded resources and service capabilities to our existing and prospective clients. MMA also brings our colleagues new educational, professional and personal development opportunities, all within the culture of focusing on our colleagues, clients and communities. We could not be more excited for our next chapter.”
About Marsh McLennan Agency Marsh McLennan Agency (MMA) provides business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With 9,000 colleagues and 170 offices across North America, MMA combines the personalized service model of a local consultant with the global resources of the world’s leading professional services firm, Marsh McLennan (NYSE: MMC).
About Marsh
Marsh is the world’s leading insurance broker and risk advisor. With over 45,000 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 (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue of over $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. For more information, visit mmc.com, follow us on LinkedIn and Twitter or subscribe to BRINK.
What is the significance of the Marsh McLennan Agency acquisition of McDonald Zaring Insurance?
The acquisition strengthens Marsh McLennan Agency's presence in the Northwest region, allowing for expanded service offerings and access to new market segments.
When was McDonald Zaring Insurance acquired by Marsh McLennan Agency?
The acquisition was announced on December 1, 2022.
How many employees will join Marsh McLennan Agency from McDonald Zaring Insurance?
All 19 employees from McDonald Zaring Insurance will join Marsh McLennan Agency.
What types of clients does McDonald Zaring Insurance serve?
McDonald Zaring Insurance serves individuals and businesses in various sectors, including agri-business, wineries, and health clinics.
What are the expected benefits of the acquisition for Marsh McLennan Agency?
The acquisition is expected to enhance resources, service capabilities, and professional development opportunities for employees.