Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Cambridge Property & Casualty, based in based in Livonia, Mich.,
Founded in 1974, Cambridge provides property/casualty insurance and risk management products and services to a wide range of midsize businesses and high net worth individuals throughout the world. It has roughly $6 million in annual revenues and 41 employees, all of whom will join MMA.
Cambridge will operate within MMA’s upper Midwest region, expanding the firm’s property/casualty capabilities in Michigan.
Source: Marsh & McLennan Agency