Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Security Insurance Services Inc., one of the largest insurance agencies in Wisconsin.
Established in 1983, Security Insurance Services has annual revenue of approximately $10 million and offers a broad range of property/casualty and employee benefits products and services to a variety of businesses and individuals throughout the Midwest. It has particular specialties in the senior living health care, construction and manufacturing industries.
Security Insurance Services will operate as a division of RJF, a Marsh & McLennan Agency company, expanding MMA’s presence in Wisconsin. All of Security Insurance Services’ 65 employees, including President and CEO Scott Naze, will join MMA’s upper Midwest hub and continue to work out of their existing offices in New Berlin and Appleton, Wis.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Chubb, The Hartford, Liberty and Travelers Team Up on Surety Tech Launch 
Aon Adds to List of Brokers Suing Howden US for Alleged Poaching, Theft 
US House Bill Aims to End Private Flood Insurance Coverage Penalty 
Insurance Covers Settlement Paid by Stocks Instead of Money: Delaware High Court 
