Marsh & McLennan Agency Announces New Acquisition

Dec 22, 2009 (Datamonitor via COMTEX) -- Marsh & McLennan Agency, a subsidiary of insurance broker Marsh, has acquired The NIA Group, and its New York City office Kornreich-NIA.

Marsh & McLennan said that the transaction is part of a series of strategic acquisitions as the agency builds a national business to serve the needs of mid-sized companies across the US. Terms of the transaction were not disclosed.

David Eslick, chairman and CEO of Marsh & McLennan Agency, said: "The addition of The NIA Group and Kornreich-NIA to our firm gives us a strong operation in the New York metropolitan area and Florida. We're delighted to welcome the leadership team and the employees of The NIA Group and Kornreich-NIA to our firm. They have a well-earned and longstanding reputation for professionalism and service excellence, which we view as essential elements for the national organization we are building at Marsh & McLennan Agency."

Paul Gross, chairman of The NIA Group, said: "We are pleased to be joining with David and the leadership of Marsh & McLennan Agency and look forward to working as part of the team to create one of the pre-eminent national organizations in our industry."

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