Marsh & McLennan acquires US brokerage firm Highsmith
Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Highsmith Insurance, a Raleigh, North Carolina-based independent insurance brokerage firm.
Following the deal, all of Highsmith’s employees will join MMA, expanding the firm’s presence in the region.
Founded in 1974, Highsmith offers a range of insurance and bond products to midsize employers and individuals throughout the Mid-Atlantic with offices in Raleigh, North Carolina; Charleston, South Carolina; and Nashville, Tennessee.
“We are focused on adding high-quality agencies in the Mid-Atlantic with strong management, a great mix of business, and talented colleagues with a dedication to client service. We found this with Highsmith and are excited they are joining MMA,” said Tom Brown, chairman of MMA Mid-Atlantic region.
Ty Highsmith, president of Highsmith Insurance, added: “Joining MMA provides us with access to a national footprint that will enable us to grow, offer our clients additional expertise and resources, and provide our colleagues new career opportunities.”
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