Marsh acquires US broker
Marsh & McLennan Agency (MMA), a subsidiary of Marsh, has acquired Texas-based insurance broker MHBT.
With roots dating back nearly 100 years, MHBT has annual revenue of approximately $76 million and 350 employees in five offices throughout Texas. All MHBT employees will join MMA.
MHBT will serve as MMA’s Southwest regional hub under the leadership of MHBT chief executive officer (CEO) Bill Henry.
Anthony Gruppo, who has served as MMA’s Southwest regional CEO since 2013, will continue to serve as CEO of MMA Houston.
“MHBT is one of the premier insurance agencies in the US, with world class leadership, a client-centric culture, and a track record of growth. We are excited to add the strength, depth, and quality of MHBT’s entire team to MMA, and I personally look forward to working with Bill Henry on growing our presence in the Southwest,” said David Eslick, MMA chairman and CEO.
Henry added: “Joining MMA is the next step in the evolution of MHBT, as it represents an excellent opportunity to expand our reach, ensure new opportunities for our colleagues, and offer more resources to our clients as they navigate an increasingly challenging risk environment.
“Our future is bright, and we look forward to offering our clients the same level of customer service they’ve come to expect, now backed by the support and capabilities of the world’s leading insurance broker and risk advisor.”
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