Marsh expands construction capabilities with acquisition

Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specialising in the construction industry.

Klein Agency is a third-generation family-run agency. It has focused for more than 50 years on helping construction companies with their surety bonding, as well as personal and business insurance needs.

Following the deal, all of Klein’s employees and leadership will join MMA, and continue operating out of Klein’s existing office.

“With Klein Agency’s people, resources, and expertise now part of MMA, our region will expand its ability to deliver world class surety services to our construction clients in Minnesota as well as the upper Midwest,” said Tim Fleming, CEO of MMA’s upper Midwest region.

“We’re eager to begin working collaboratively with our new colleagues at MMA. Together, we will deliver an enhanced suite of services to our clients,” said Steve Klein, Vice President of Klein Agency.

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