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.
Insurer Rolls Out Policy to Protect Data Centers Against Growing Backlash 
World’s Largest Retirement Community Set to Borrow $180 Million for More Homes 
Fisherman Killed by 12-Foot Alligator at Central Florida Lake 
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees 
