Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency Inc., a St. Paul, Minnesota-based surety and property/casualty agency specializing in the construction industry.
Klein Agency is a third-generation family run agency. It has focused for more than 50 years on helping construction companies with their surety bonding, as well as personal and business insurance needs. All of Klein’s employees and leadership will join MMA and continue operating out of Klein’s existing office.
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
Source: Marsh & McLennan Agency LLC
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Albertsons Reaches $774 Million Opioid Accord, Records Loss 
