White Plains, New York, January 22, 2019 – Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has reached agreement to acquire Clearwater, Florida-based Bouchard Insurance, a leading full-service agency in Florida. Terms of the transaction, which is expected to close later this month, were not disclosed.
Founded in 1948, Bouchard has 260 colleagues based in its Clearwater, Fort Myers, Kissimmee, Maitland, Sarasota, and Tampa, Florida office locations. It provides property/casualty, employee health & benefits, and personal lines insurance solutions and expertise to midsize businesses. The firm has dedicated expertise in the agribusiness, community associations, construction, education, healthcare, hospitality, staffing, and social services industries.
As part of MMA, Bouchard will maintain its existing office locations and operate as Bouchard Insurance, a Marsh & McLennan Agency LLC company. On closing, Doug Bishop, who has served as CEO of Bouchard since 2009, will continue to lead the operation.
“Bouchard’s strong client-first culture and commitment to the education and development of its colleagues make it a powerful addition to our growing presence across the US,” said David Eslick, Chairman and CEO of MMA.
Mr. Bishop added: “By joining the MMA team we have the opportunity to provide innovative resources and solutions for our clients, and new growth opportunities for our colleagues. Equally important, MMA shares our passion to support the communities we serve. We are excited to play a role in the ongoing growth of this dynamic national firm.”
Marsh & McLennan Agency, LLC
360 Hamilton Avenue, Suite 930
White Plains, New York 10601
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to primarily serve the needs of 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.
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 27,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With 57,000 colleagues worldwide and annual revenue exceeding US$13 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @MarshGlobal, or on LinkedIn, Facebook and YouTube.