Marsh McLennan Company, a part of world insurance coverage dealer and danger advisor Marsh McLennan, has expanded its footprint within the US with the acquisition of Perkins Insurance coverage Companies.
Monetary particulars of the transaction weren’t revealed.
Perkins is an unbiased insurance coverage and danger administration company established in 1977.
It specialises in providing a variety of insurance coverage merchandise together with business P&C and private strains protection to companies, non-profit organisations and households within the West Texas area, with specialised providers for industries resembling trucking, oil and gasoline, and restaurant.
A number of the insurance coverage speciality providers included in Perkins’ portfolio are auto, cyber legal responsibility, worker advantages, worker profit providers, normal legal responsibility insurance coverage, residence, identification theft, life, property, specialty, employees compensation and umbrella.
The acquisition of Perkins will allow Marsh McLennan Company to supply an expanded set of providers to its shoppers in West Texas.
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All Perkins workers together with CEO Mark Perkins will stay based mostly at their present workplaces in Abilene and Eastland, Texas.
Perkins mentioned: “We’re continuously in search of new methods to raised serve the West Texas group of their evolving danger mitigation wants.
“Becoming a member of Marsh McLennan Company was the very best choice we might make for shoppers. Our colleagues will now have entry to a staff of industry-leading specialists and assets to ship much more highly effective outcomes for our native companies and group members.”
Marsh McLennan Company is understood for offering a broad array of insurance coverage options together with enterprise insurance coverage, retirement and wealth, worker well being and advantages, and personal shopper insurance coverage.
It has 10,000 staff and 180 workplaces throughout North America.
Commenting on the acquisition, Marsh McLennan Company Southwest area CEO Matt Stadler mentioned: “The Perkins staff is understood for high-quality shopper service tailor-made to the distinctive wants of their group.
“As we glance to broaden our choices in West Texas, their fame for impactful business and private insurance coverage options made this the suitable choice for our staff.”
Final month, Marsh McLennan Company acquired New York unbiased business strains brokerage AC Threat Administration.
