Marsh & McLennan Agency to Acquire Florida-based Agency
- January 23, 2019
Marsh & McLennan Agency to Acquire Bouchard Insurance
Acquisition Expands MMA’s Footprint in Florida
WHITE PLAINS, NY -- Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, 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.”