Marsh & McLennan Agency Acquires North Carolina Surety Bond Agency

February 5, 2014

Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, said it has acquired The Bond Network, a  surety bonding agency based in Charlotte, North Carolina.

Terms of the transaction were not disclosed.

Founded in 1985 by H. Thomas Dawkins, The Bond Network generates $1.1 million in annual revenue and offers commercial, contract, and special risk surety bonds to private contractors throughout The Carolinas. Dawkins and the rest of the agency will operate out of MMA’s mid-Atlantic region.

MMA targets midsize businesses in the U.S.

 

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Latest Comments

  • February 5, 2014 at 4:59 pm
    Sarah Barnes says:
    If Marsh producers can't write the business, I guess they just go out and buy an agency.....blah!
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