Marsh announces Assurance acquisition

Insurance brokerage and risk advisory giant Marsh has today announced its acquisition of Assurance Holdings, Inc. a Schaumburg, Illinois-based independent insurance agency. Terms of the transaction were not disclosed. Assurance is a full-service brokerage providing business insurance, employee benefits, private client insurance, and retirement services to businesses and individuals across the United States. The firm, which was founded in 1961, was officially acquired by Marsh & McLennan Agency LLC (MMA), the US middle market agency subsidiary of Marsh. “In just over 10 years, MMA has grown into a leading $2 billion-revenue platform serving midsize businesses and individuals across the US,” said Marsh president and CEO John Doyle. “Assurance is another example of our continued ability to attract the highest quality teams to join MMA and enhance our ability to serve clients in this important segment.”