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.
US P/C Rebounds to Post Q1 Underwriting Gain; Net Income Doubles 
Intersecting Risks and the Future of Construction Insurance 
Zurich Sees Data Center Boom Spurring Insurance Securitization 
Virginia’s New Gun Laws Challenged by Some Local Prosecutors and Lawsuits 
