WHITE PLAINS, N.Y.–Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Hunt Valley, Maryland-based HMS Insurance Associates, Inc., one of the nation’s largest independent agencies. Terms of the acquisition were not disclosed.
Founded in 1943, HMS provides businesses and individuals in the Mid-Atlantic with property/casualty insurance, surety, group captive, and employee benefits. All of HMS’ more than 120 employees, including President Gary L. Berger, will join MMA and continue to work out of the Hunt Valley, Maryland office.
“The MMA goal has always been to partner with the best firms and together build a unique experience for colleagues and clients,” commented John Stanchina, CEO of MMA’s Mid-Atlantic region. “With exceptional leadership, client satisfaction, long-term client retention, and decades of profitable growth, we are delighted to bring the HMS team on board.”
Mr. Berger added: “We are excited to join the MMA family given the alignment we share in our approach to customer service, employee engagement, and carrier partnership. This is an opportunity to continue to enhance our capabilities and deepen our industry relationships, as well as augment the training and career development resources available to colleagues, in turn equipping them to best meet client needs.”
Source: MARSH MCLENNAN AGENCY
AgencyEquity statement on this article:
Some of the statements in this third party article may be forward-looking statements and perhaps even inaccurate statements. AgencyEquity or Strategic Agencies LLC does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will AgencyEquity or Strategic Agencies LLC be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.