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Marsh McLennan Agency, a subsidiary of Marsh, is set to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) for $315.9 million. This acquisition will strengthen Marsh McLennan's presence in the Southeast region, with FBBINSURANCE being one of the top five largest bank-affiliated insurance agencies in the country. The deal is expected to close in the second quarter of 2024, pending regulatory approval.
Marsh McLennan Agency, sussidiaria di Marsh, è in procinto di acquisire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) per 315,9 milioni di dollari. Questa acquisizione rafforzerà la presenza di Marsh McLennan nella regione del Sud-Est, considerando che FBBINSURANCE è una delle prime cinque maggiori agenzie di assicurazione affiliate a banche nel paese. Si prevede che la transazione sarà completata nel secondo trimestre del 2024, in attesa dell'approvazione regolatoria.
Marsh McLennan Agency, subsidiaria de Marsh, está a punto de adquirir Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) por 315,9 millones de dólares. Esta adquisición fortalecerá la presencia de Marsh McLennan en la región del Sureste, siendo FBBINSURANCE una de las cinco mayores agencias de seguros afiliadas a bancos en el país. Se espera que el acuerdo se cierre en el segundo trimestre de 2024, sujeto a la aprobación regulatoria.
마쉬 맥레넌 에이전시(Marsh McLennan Agency), 마쉬의 자회사는 피셔 브라운 보트렐 인슈어런스(Fisher Brown Bottrell Insurance, Inc., FBBINSURANCE)를 3억 1천5백9십만 달러에 인수할 예정입니다. 이번 인수는 FBBINSURANCE가 국내에서 다섯 손가락 안에 드는 주요 은행 계열 보험 대리점 중 하나이기 때문에 마쉬 맥레넌의 남동부 지역에서의 입지를 강화할 것입니다. 이 거래는 2024년 2분기에 종료될 예정이며, 규제 승인을 기다리고 있습니다.
Marsh McLennan Agency, filiale de Marsh, est sur le point d'acquérir Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) pour 315,9 millions de dollars. Cette acquisition renforcera la présence de Marsh McLennan dans la région du Sud-Est, FBBINSURANCE étant l'une des cinq plus grandes agences d'assurance affiliées à des banques dans le pays. L'opération devrait être conclue au deuxième trimestre de 2024, sous réserve de l'approbation réglementaire.
Die Marsh McLennan Agency, eine Tochtergesellschaft von Marsh, steht kurz davor, Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) für 315,9 Millionen Dollar zu übernehmen. Diese Übernahme wird die Präsenz von Marsh McLennan in der Südostregion stärken, da FBBINSURANCE zu den fünf größten bankverbundenen Versicherungsagenturen des Landes gehört. Der Abschluss des Deals wird für das zweite Quartal 2024 erwartet, vorbehaltlich der regulatorischen Genehmigung.
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WHITE PLAINS, N.Y.--(BUSINESS WIRE)--
Marsh McLennan Agency, a subsidiary of Marsh, today announced that it has entered into a definitive agreement to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) from Trustmark National Bank. Headquartered in Jackson, Mississippi, FBBINSURANCE is one of the top five largest bank-affiliated insurance agencies in the country and one of the largest agencies in the Southeast.
Founded in 1936, FBBINSURANCE specializes in providing commercial property/casualty insurance, surety and employee benefits services to businesses and individuals across the Southeast. Upon closing, the FBBINSURANCE team, including CEO Scott Woods, will join Marsh McLennan Agency and continue to operate out of their existing 10 offices across Mississippi, Alabama, and Florida.
“FBBINSURANCE’s strong regional presence, client-focused approach, and terrific leadership were very attractive as we looked for a high-quality agency to expand our presence in the Southeast,” said Peter Krause, President & CEO of Marsh McLennan Agency’s Southeast region. “I look forward to working with Scott and the entire FBBINSURANCE team in delivering best-in-class solutions that address the growing risk management and benefit needs of businesses and individuals in the region.”
Mr. Woods added: “We take great pride in the integrity, service, and solutions we provide clients on a daily basis. In joining Marsh McLennan Agency, we will continue delivering the best risk management strategies for clients’ unique exposures, with enhanced access to global resources and a remarkable team of colleagues with which to collaborate.”
Under terms of the agreement, Marsh McLennan Agency will pay $315.9 million in cash, subject to customary purchase price adjustments, to acquire FBBINSURANCE. The transaction is pending regulatory approval and standard closing conditions, and is expected to close during the second quarter of 2024.
About Marsh McLennan Agency
Marsh McLennan Agency provides business insurance, employee health & benefits, retirement & wealth, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With 10,000 colleagues and 180 offices across North America, Marsh McLennan Agency 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 more than 45,000 colleagues advising clients in over 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 $23 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 marsh.com, and follow us on LinkedIn and X.
Marsh McLennan Agency is acquiring Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE).
How much will Marsh McLennan Agency pay for the acquisition?
Marsh McLennan Agency will pay $315.9 million in cash for the acquisition.
What are the specialties of Fisher Brown Bottrell Insurance, Inc.?
Fisher Brown Bottrell Insurance, Inc. specializes in providing commercial property/casualty insurance, surety, and employee benefits services to businesses and individuals across the Southeast.
Who will join Marsh McLennan Agency after the acquisition?
The FBBINSURANCE team, including CEO Scott Woods, will join Marsh McLennan Agency.
When is the expected closing date for the acquisition?
The acquisition is expected to close during the second quarter of 2024.
