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.
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
New York Restaurateur Charged In No-Fault Auto Insurance Fraud Scheme 
Viewpoint: Insurance Broker Valuations – The Elephant in the Room 
Viewpoint: How Will the Middle East War Affect the Insurance Sector? 
