Marsh & McLennan's Acquisition Expands Capabilities in the Entertainment Industry
- February 04, 2020
Marsh & McLennan Agency Acquires Momentous Insurance Brokerage
Agency Adds New Capabilities in Entertainment Industry
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, announced the acquisition of Los Angeles, California-based Momentous Insurance Brokerage. 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.”