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.
Was this article valuable?
Here are more articles you may enjoy.
SIAA Announces Strategic Partnership With Progressive 
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns 
New York Governor Hochul Vows to Tackle Insurance Affordability, Litigation and Fraud 
CEOs on Guard as Trump Rattles Companies With Series of Edicts 
