McGriff Insurance Services News

Marsh McLennan Completes $7.75B Buy of McGriff Insurance Services

Marsh McLennan said Friday it has completed the $7.75 billion acquisition of McGriff Insurance Services. The purchase of Charlotte, North Carolina-based McGriff, founded in 1886, adds to Marsh McLennan’s position as the biggest U.S. broker, with $22.7 billion in revenue …

Marsh McLennan Reports 6% Increase in Q3 Revenue

Insurance broker Marsh McLennan reported a 6% increase in third quarter consolidated revenue to $5.7 billion, while revenue increased 5% on an underlying (organic) basis. Q3 operating income was $1.1 billion, an 11% increase from $996 million reported in Q3 …

Marsh McLennan to Buy TIH’s McGriff Insurance for $7.75B

Marsh McLennan says it has a deal in place to acquire McGriff Insurance Services for $7.75 billion, funded by cash and debt financing. U.S. retail broker McGriff, an affiliate of private-equity backed TIH (formerly Truist Insurance Holdings), had $1.3 billion …

People: McGriff Names Hodo as Chief Strategic Growth Officer

Truist subsidiary McGriff, an insurance broker, has announced that Doug Hodo will rejoin the firm as chief strategic growth officer, based in Texas. Hodo spent the past year working as director of large relationships for a national brokerage. Previously he …

McGriff to Consolidate South Florida Operations, Open Additional Branches

Insurance broker McGriff will expand its southeastern Florida operations with a new headquarters office in Coral Gables and the opening of branch locations in Fort Lauderdale and Weston later this year. The move to a consolidated South Florida operation will …

Retail Subsidiaries of BB&T Rebrand as McGriff, Maintain North Carolina Headquarters

McGriff Insurance Services, Inc., and McGriff, Seibels & Williams, Inc., the retail insurance subsidiaries of BB&T Insurance Holdings, have rebranded their businesses to McGriff. The company said in a statement the rebranding is designed to simplify the firm’s overall identity …

McGriff Insurance Services Hires Cabrera as National Pharmacy Practice Leader in Florida

McGriff Insurance Services has added Denise Cabrera to the firm as National Pharmacy Practice leader in Orlando, Fla. Cabrera will develop and drive the strategic direction for McGriff’s Pharmacy Benefit Practice nationally. In her role, she will provide guidance to …