Marsh Forms Agency to Serve Small U.S. Businesses

October 24, 2008

Large insurance broker Marsh has formed Marsh & McLennan Agency LLC, a new business dedicated to serving the insurance needs of small and emerging growth U.S. companies.

The agency will conduct its business separately from Marsh’s insurance brokerage operations.

“This is a very exciting step in the growth of our United States operations,” said Dan Glaser, chairman and CEO of Marsh.

“We recognize that large and small organizations expect distinctly different insurance buying experiences. We have established Marsh & McLennan Agency, a subsidiary of Marsh USA, to address those distinctions,” said Joe McSweeny, president of the U.S. / Canada Division of Marsh.

Jack Butcher will be president and CEO of the newly formed agency, “Our vision for Marsh & McLennan Agency is to be one of the premiere insurance agencies in the United States, offering commercial property and casualty, directors and officers liability, surety, employee benefits and personal lines products to customers through a dedicated sales and service force in retail locations across the U.S.,” Butcher said.

Marsh & McLennan Agency will begin operating in the first quarter of 2009 in select cities across the United States.

“We believe that the Marsh & McLennan Agency will be a positive development for insurance buyers and anticipate that the agency will be able to offer customers favorable coverage at competitive rates, as well as differentiated insurance solutions,” McSweeny added.

Marsh has more than 24,000 employees and clients in over 100 countries.

Source: Marsh
www.mmc.com

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