Marsh McLennan Company expands in Texas with key acquisition

Marsh McLennan Company (MMA) has introduced the acquisition of Perkins Insurance coverage Companies, an unbiased company based mostly in Abilene, Texas. The phrases of the acquisition weren’t disclosed.

Based in 1977, Perkins Insurance coverage offers industrial property and casualty and private strains protection to companies, non-profits, and households in West Texas. The company has experience within the oil and gasoline, trucking, farm and ranch, and restaurant industries.

All Perkins workers, together with CEO Mark Perkins (pictured above), will proceed working from their current places of work in Abilene and Eastland, Texas.

“We’re consistently searching for new methods to higher serve the West Texas neighborhood of their evolving threat mitigation wants,” Perkins mentioned. “Becoming a member of Marsh McLennan Company was the very best resolution we may make for purchasers. Our colleagues will now have entry to a crew of industry-leading specialists and assets to ship much more highly effective outcomes for our native companies and neighborhood members.”

Matt Stadler, CEO of Marsh McLennan Company’s Southwest area, commented on the acquisition, stating that the Perkins crew is understood for high-quality consumer service tailor-made to the distinctive wants of their neighborhood.

“As we glance to increase our choices in West Texas, their repute for impactful industrial and private insurance coverage options made this the fitting resolution for our crew,” Stadler mentioned.

In different latest developments, MMA expanded its superb arts and specie division with the appointment of Anne Rappa as its chief. Based mostly in New York, Rappa will collaborate with Marsh McLennan Company and Marsh groups within the US and London to offer world experience and options to people, museums, universities, artwork galleries, and personal collectors.

As for different acquisitions, the Marsh-backed agency additionally not too long ago acquired AC Threat Administration (ACRM), an unbiased industrial strains brokerage based mostly in Melville, New York.

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