MMA acquires Tequesta Insurance Advisors
Marsh & McLennan Agency (MMA), a subsidiary of Marsh, has acquired employee benefits insurance firm Tequesta Insurance Advisors.
US-based Tequesta specialises in personal, commercial, and employee benefits insurance and makes annual revenues of $10 million.
All of Tequesta’s employees will join MMA and will continue to work in Tequesta’s Florida office.
Shannon Alfonso, president of MMA’s Florida region, said: “I’m delighted to welcome chief executive officer (CEO) Mark Kasten, president Geoff Mayfield and the rest of the Tequesta team to MMA.
“With the addition of Tequesta, MMA now has more than 220 colleagues in eight offices throughout Florida providing risk, insurance, and benefit solutions to middle market companies and individuals in the state.”
Mayfield said: “After 50 years in the insurance agency business, we are proud to join MMA. Combining forces will improve our ability to find solutions for our clients, ensure new opportunities for our associates, and expand the services we provide to our clients.”
David Eslick, chairman and CEO of MMA, added: “Tequesta is a welcome addition to our expanding roster of high-quality agencies that now make up Marsh & McLennan Agency.”
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