Marsh & McLennan Agency Acquires Momentous Insurance Brokerage
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Jan 31, 2020--
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced the acquisition of Los Angeles, California-based Momentous Insurance Brokerage, one of the state’s leading independent insurance agencies. Terms of the acquisition were not disclosed.
Founded in 2008, Momentous is a full-service risk management and employee benefits firm specializing in high net worth private client services and insurance solutions for the entertainment industry. All 220 colleagues will join MMA from their three offices in Los Angeles and Torrance, California, and New York City. Diane Brinson, President and CEO of Momentous, will continue to lead operations.
Commenting on the acquisition, David Eslick, CEO of MMA, said: “Momentous has a long-established reputation for both their dedication to serving clients across the country and their expertise in the entertainment, film, and TV industries. We are excited to collaborate with the Momentous team and work together to further enhance our client offerings.”
Chris Williams, CEO of MMA’s West region said: “Diane and her team have built a strong business known for its commitment to clients, colleagues, and the community. Their corporate culture and industry expertise are meaningful additions to the MMA organization both within the region and nationwide.”
Ms. Brinson added: “MMA and Momentous share a commitment to serving clients, finding innovative solutions, and delivering on our promises. I am thrilled to join a firm that can not only provide additional resources to our clients, but can also present new opportunities to our colleagues.”
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. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.
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CONTACT: Sally Roberts
303 952 9453
Marsh & McLennan Agency
805 680 9460
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: FINANCE PROFESSIONAL SERVICES GENERAL ENTERTAINMENT ENTERTAINMENT INSURANCE
SOURCE: Marsh & McLennan Agency, LLC
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PUB: 01/31/2020 12:00 PM/DISC: 01/31/2020 12:00 PM