Marsh McLennan Agency expands in Texas with key acquisition
Marsh McLennan Agency expands in Texas with key acquisition | Insurance Business America
Insurance News
Marsh McLennan Agency expands in Texas with key acquisition
All employees will continue working from their existing offices
Insurance News
By
Kenneth Araullo
Marsh McLennan Agency (MMA) has announced the acquisition of Perkins Insurance Agencies, an independent agency based in Abilene, Texas. The terms of the acquisition were not disclosed.
Founded in 1977, Perkins Insurance provides commercial property and casualty and personal lines coverage to businesses, non-profits, and families in West Texas. The agency has expertise in the oil and gas, trucking, farm and ranch, and restaurant industries.
All Perkins employees, including CEO Mark Perkins (pictured above), will continue working from their existing offices in Abilene and Eastland, Texas.
“We are constantly looking for new ways to better serve the West Texas community in their evolving risk mitigation needs,” Perkins said. “Joining Marsh McLennan Agency was the best decision we could make for clients. Our colleagues will now have access to a team of industry-leading experts and resources to deliver even more powerful results for our local businesses and community members.”
Matt Stadler, CEO of Marsh McLennan Agency’s Southwest region, commented on the acquisition, stating that the Perkins team is known for high-quality client service tailored to the unique needs of their community.
“As we look to expand our offerings in West Texas, their reputation for impactful commercial and personal insurance solutions made this the right decision for our team,” Stadler said.
In other recent developments, MMA expanded its fine arts and specie division with the appointment of Anne Rappa as its leader. Based in New York, Rappa will collaborate with Marsh McLennan Agency and Marsh teams in the US and London to provide global expertise and solutions to individuals, museums, universities, art galleries, and private collectors.
As for other acquisitions, the Marsh-backed firm also recently acquired AC Risk Management (ACRM), an independent commercial lines brokerage based in Melville, New York.
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