White Plains, New York, December 6, 2018 – Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, announced today that it has acquired James P. Murphy & Associates, Inc., a Norwalk, Connecticut-based independent insurance agency. Terms of the transaction were not disclosed.
Established in 1993, James P. Murphy & Associates serves the insurance needs of a diverse range of businesses, individuals, and families across the Northeast. All of James P. Murphy & Associates’ employees and leadership will join MMA and operate out of MMA’s existing Norwalk office.
James P. Murphy & Associates will immediately begin doing business under the Marsh & McLennan Agency name.
“We are delighted to welcome James P. Murphy & Associates’ talented and experienced leaders and colleagues to MMA,” said Anthony C. Gruppo, CEO of MMA’s Northeast region. “With the addition of James P. Murphy & Associates, we further enhance and expand our expertise within the Norwalk community and throughout Connecticut.”
Mr. Murphy said: “We’re eager to join forces with MMA, deliver expanded solutions and services to clients, and provide our colleagues with new career opportunities.”
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
A global leader in insurance broking and innovative risk management solutions, Marsh’s 30,000 colleagues advise individual and commercial clients of all sizes in over 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$14 billion and nearly 65,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. In addition to Marsh, MMC is the parent company of Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.