8 July 2015 Insurance

MMA strides into Canadian market with acquisition

Marsh & McLennan Agency (MMA), a subsidiary of Marsh, has entered the Canadian market with the acquisition of Canadian insurance broker Vézina.

The acquisition includes the property and casualty (P&C) brokerage division Vézina Assurances and group benefits division Vézina & Associes.

Established in 1978, Vézina offers P&C insurance and employee benefits services to midsize businesses and individuals throughout Quebec.

It generates approximately $10 million in revenue and has 80 employees, all of whom are joining MMA. Vézina will continue to be led by co-chief executive officers Pierre and Patrice Vézina.

David Eslick, chairman and chief executive officer (CEO) of MMA, said: "Since embarking on our strategy to build a preeminent middle market insurance firm, our goal has remained the same: to join forces with high quality insurance agencies. Vézina’s strong leadership team, mix of business, and emphasis on customer-centric service make it an ideal match for us to expand our strategy into Canada.”

Pierre Vézina added: “Joining MMA is the logical next step in Vézina’s evolution as it enables us to preserve our culture and service model while offering a wider range of solutions, resources, and specialised expertise to our clients.”

Patrice Vézina said: “We are thrilled to be joining MMA and being on the forefront of its expansion in Canada.”


More on this story

Insurance
1 December 2023   The broker creates corporate risk and strata insurance offering in the region.
Insurance
30 November 2023   Marsh has seen a 20% increase in inquiries more than matched by insurer appetite.
Insurance
29 November 2023   The executive spent over 20 years at Marsh in energy leadership roles.

More on this story

Insurance
1 December 2023   The broker creates corporate risk and strata insurance offering in the region.
Insurance
30 November 2023   Marsh has seen a 20% increase in inquiries more than matched by insurer appetite.
Insurance
29 November 2023   The executive spent over 20 years at Marsh in energy leadership roles.

Intelligent Insurer
Newton Media Ltd
Kingfisher House
21-23 Elmfield Road
BR1 1LT
United Kingdom