Marsh & McLennan Agency LLC has acquired Missoula, Mont.-based PayneWest Insurance.
Terms of the deal were not disclosed.
PayneWest will operate as MMA’s Northwest regional hub under Kyle Lingscheit, CEO of PayneWest. Lingscheit will report to David Eslick, chairman and CEO of MMA. All of PayneWest’s more than 700 employees will join MMA and continue to work from its 26 locations across the region.
PayneWest provides business insurance, surety, employee benefits, and personal insurance services to companies and individuals across the Northwest through offices across Idaho, Montana, Oregon and Washington.
MMA is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
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