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Marsh McLennan Agency (MMA) has acquired Southwest Truck Insurance Agency, a prominent independent agency in Irving, Texas, specializing in insurance for the trucking industry. Founded in 1986, Southwest Truck Insurance has expertise in domestic and cross-border trucking, serving clients in the U.S. and Mexico. All employees, led by President John Phillips, will continue with MMA. This acquisition strengthens MMA's capabilities in the trucking sector and is expected to enhance service delivery and client solutions amidst growing industry demands.
Positive
Acquisition of Southwest Truck Insurance enhances MMA's expertise in the trucking insurance sector.
The deal expands MMA's market presence in the growing trucking industry.
Southwest Truck Insurance's experienced team will improve service delivery for MMA clients.
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Texas Agency Expands Trucking Expertise
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--
Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Southwest Truck Insurance Agency, Inc., a leading independent agency in Irving, Texas. Terms of the acquisition were not disclosed.
Founded in 1986, Southwest Truck Insurance specializes in business insurance solutions for the trucking industry, with expertise in domestic and cross-border trucking operations, serving clients in the US and Mexico. All of Southwest Truck Insurance’s team, which is led by John Phillips, President, will join MMA.
“Transportation and trucking organizations are part of a complex industry that requires an experienced broker to navigate their insurance needs. John and the team at Southwest Truck Insurance have built a strong reputation recognized for their service and expertise,” said Tim Fleming, Regional CEO at MMA. “The Southwest Truck Insurance team strengthens our ability to serve clients in this growing industry and we are thrilled to welcome them to MMA.”
Mr. Phillips added: “Over the years, we have come to know and respect the Marsh McLennan Agency brand, capabilities, and team. Today, we are excited to unite our expertise with their resources to collectively expand our reach in the trucking industry. By joining MMA, I look forward to delivering even more solutions and services to our clients, and introducing new growth opportunities for our colleagues.”
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 8,000 colleagues and 160 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 around 40,000 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 over $18 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.
