Marsh & McLennan Agency, a New York-based subsidiary of insurance broker Marsh Inc., acquired Seitlin Insurance, one of the largest insurance brokers in South Florida. Terms of the transaction were not disclosed.
Founded in 1945, Seitlin has annual revenue of $24 million and 119 employees in three Florida offices: Miami, Fort Lauderdale, and West Palm Beach. Seitlin provides property/casualty insurance and employee benefits to middle-market companies in a wide range of industries. All of Seitlin’s employees and executives, including CEO Tom Cornish, will join Marsh & McLennan Agency.
Seitlin will serve as Marsh & McLennan Agency’s Florida hub and is the latest in a number of acquisitions MMA has made since embarking on its strategy of building a national platform to serve the property/casualty insurance and employee benefit needs of the middle market.
Marsh & McLennan Agency was established in 2008 to meet the needs of mid-size businesses in the U.S. It operates independently from Marsh and offers commercial property, casualty, personal lines, and employee benefits to clients across the U.S.
Topics Florida Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Marsh McLennan Agency to Buy Fisher Brown Bottrell for About $316M 
USAA to Lay Off 220 Employees 
JPMorgan Client Who Lost $50 Million Fortune Faces Court Setback 
California Sees Two More Property Insurers Withdraw From Market 
