Marsh & McLennan Agency Acquires Phoenix-Based Lovitt & Touché
Marks First Acquisition in Arizona
WHITE PLAINS, NY — Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, announced the acquisition of Phoenix, Arizona-based Lovitt & Touché, one of the state’s largest independent insurance agencies. Terms of the acquisition were not disclosed.
Founded in 1911, Lovitt & Touché will add 181 colleagues to MMA from their Phoenix, Tucson, and Las Vegas, Nevada offices. Lovitt & Touché provides commercial property, casualty, personal lines, and employee health and benefits solutions and expertise to businesses throughout Arizona and surrounding states, with particular expertise in the construction, real estate, non-profit, healthcare, and manufacturing industries.
Charlie Touché, Lovitt & Touché CEO since 1998, will lead MMA’s operations in Arizona and the firm will operate as Lovitt & Touché, a Marsh & McLennan Agency LLC company.
David Eslick, CEO of MMA commented: “Arizona is a thriving marketplace for businesses of all sizes, and we are proud to welcome Lovitt & Touché as we expand our national footprint.”
“Lovitt & Touché has had a long-standing reputation for exceptional client service and community involvement in Arizona, mirroring MMA’s own commitment to serving local businesses and communities,” said Paul Hering, Chairman of MMA’s West region. “We are eager to begin working with them as we enter a new market.”
Mr. Touché added: “This new chapter in our company’s history allows us to strengthen our client-centric philosophy by providing clients access to even more innovative tools and solutions. Joining MMA will also provide new opportunities for our colleagues as we continue to serve the dynamic Arizona market and give back to the communities that have supported our success for over a century.”