Marsh McLennan Completes Acquisition of McGriff Insurance Services
Marsh McLennan (NYSE: MMC) has completed the acquisition of McGriff Insurance Services, integrating McGriff's 3,500 colleagues into Marsh McLennan Agency (MMA). The acquisition strengthens MMA's middle market presence and enhances its specialty and industry capabilities. McGriff, founded in 1886, is a leading U.S. provider of insurance broking and risk management services. The merger aims to deliver enhanced value to clients while maintaining McGriff's existing client relationships and service teams.
Marsh McLennan (NYSE: MMC) ha completato l'acquisizione di McGriff Insurance Services, integrando i 3.500 colleghi di McGriff nell'Agenzia Marsh McLennan (MMA). L'acquisizione rafforza la presenza di MMA nel mercato medio e migliora le sue capacità specialistiche e di settore. McGriff, fondata nel 1886, è un fornitore leader negli Stati Uniti di servizi di intermediazione assicurativa e gestione dei rischi. La fusione mira a offrire un valore migliorato ai clienti, mantenendo al contempo le relazioni esistenti con i clienti e i team di assistenza di McGriff.
Marsh McLennan (NYSE: MMC) ha completado la adquisición de McGriff Insurance Services, integrando a los 3,500 colegas de McGriff en Marsh McLennan Agency (MMA). La adquisición fortalece la presencia de MMA en el mercado intermedio y mejora sus capacidades especiales e industriales. McGriff, fundada en 1886, es un proveedor líder en EE. UU. de servicios de corretaje de seguros y gestión de riesgos. La fusión tiene como objetivo ofrecer un valor mejorado a los clientes, mientras se mantienen las relaciones existentes con los clientes y los equipos de servicio de McGriff.
Marsh McLennan (NYSE: MMC)는 McGriff Insurance Services의 인수를 완료하고 McGriff의 3,500명의 동료를 Marsh McLennan Agency (MMA)에 통합했습니다. 이번 인수는 MMA의 중간 시장 입지를 강화하고 전문성과 산업 역량을 향상시킵니다. 1886년에 설립된 McGriff는 미국의 보험 중개 및 리스크 관리 서비스의 선도적인 제공업체입니다. 이번 합병은 고객에게 향상된 가치를 제공하는 동시에 McGriff의 기존 고객 관계 및 서비스 팀을 유지하는 것을 목표로 하고 있습니다.
Marsh McLennan (NYSE: MMC) a finalisé l'acquisition de McGriff Insurance Services, intégrant les 3 500 collègues de McGriff dans Marsh McLennan Agency (MMA). Cette acquisition renforce la présence de MMA sur le marché intermédiaire et améliore ses compétences spécialisées et sectorielles. McGriff, fondée en 1886, est un fournisseur de services de courtage d'assurance et de gestion des risques de premier plan aux États-Unis. La fusion vise à offrir une valeur ajoutée aux clients tout en maintenant les relations existantes avec les clients et les équipes de service de McGriff.
Marsh McLennan (NYSE: MMC) hat die Übernahme von McGriff Insurance Services abgeschlossen und 3.500 Mitarbeiter von McGriff in die Marsh McLennan Agency (MMA) integriert. Die Übernahme stärkt die Marktpräsenz von MMA im Mittelstand und verbessert ihre spezialisierten und branchenspezifischen Fähigkeiten. McGriff, 1886 gegründet, ist ein führender Anbieter von Versicherungsvermittlungs- und Risikomanagementdienstleistungen in den USA. Die Fusion zielt darauf ab, den Kunden einen erhöhten Wert zu bieten und gleichzeitig die bestehenden Kundenbeziehungen und Serviceteams von McGriff aufrechtzuerhalten.
- Acquisition adds 3,500 skilled professionals to Marsh McLennan's workforce
- Expands presence in the growing middle market segment
- Strengthens specialty and industry capabilities
- Enhances service offerings through combined resources
- None.
Insights
The acquisition of McGriff Insurance Services represents a significant strategic expansion for Marsh McLennan in the middle-market insurance segment. With McGriff's 3,500 employees joining Marsh McLennan Agency (MMA), this deal substantially increases MMA's market presence and service capabilities. McGriff's established presence since 1886 brings valuable historical expertise and client relationships to the table.
This consolidation strengthens Marsh McLennan's competitive position against other major insurance brokers and enhances its ability to capture a larger share of the growing middle-market segment. The integration of McGriff's specialty and industry capabilities with MMA's existing infrastructure should create revenue synergies through cross-selling opportunities and operational efficiencies through shared resources.
“We are thrilled to welcome the McGriff team to Marsh McLennan,” said John Doyle, President and CEO of Marsh McLennan. “Their deep specialty and industry capabilities will strengthen Marsh McLennan Agency’s value proposition and expand our reach in the growing middle market. Together, McGriff and MMA will deliver even greater value to clients.”
“Armed with McGriff’s outstanding talent, leadership and expertise, we look forward to enhancing our client-centric capabilities to serve even more businesses and communities across the country,” commented David Eslick, Chairman and CEO of Marsh McLennan Agency.
“By joining Marsh McLennan Agency, our teammates gain access to expanded global resources and industry knowledge to build their career growth and bring innovative, actionable solutions to clients—who will continue to be served by the same dedicated teams and client-first strategy they know and trust,” said Read Davis, CEO of McGriff.
Founded in 1886, McGriff is a leading provider of insurance broking and risk management services in
About Marsh McLennan
Marsh McLennan (NYSE: MMC) is a global leader in risk, strategy and people, advising clients in 130 countries across four businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. With annual revenue of
About McGriff
McGriff Insurance Services, LLC is a full-service insurance broker providing risk management and insurance solutions to clients across
View source version on businesswire.com: https://www.businesswire.com/news/home/20241115514825/en/
Media contact:
Erick Gustafson
Marsh McLennan
+1 202 263 7788
erick.gustafson@mmc.com
Investor contact:
Jay Gelb
Marsh McLennan
+1 212 345 1569
mmc.investor.relations@mmc.com
Source: Marsh McLennan
FAQ
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Will McGriff clients continue with their current service teams after the MMC acquisition?
What is the strategic benefit of Marsh McLennan's acquisition of McGriff?
