Marsh McLennan Agency, part of global insurance broker and risk advisor Marsh McLennan, has expanded its footprint in the US with the acquisition of Perkins Insurance Agencies.
Financial details of the transaction were not revealed.
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Perkins is an independent insurance and risk management agency established in 1977.
It specialises in offering a wide range of insurance products including commercial P&C and personal lines coverage to businesses, non-profit organisations and families in the West Texas region, with specialised services for industries such as trucking, oil and gas, and restaurant.
Some of the insurance speciality services included in Perkins’ portfolio are auto, cyber liability, employee benefits, employee benefit services, general liability insurance, home, identity theft, life, property, specialty, workers compensation and umbrella.
The acquisition of Perkins will enable Marsh McLennan Agency to offer an expanded set of services to its clients in West Texas.
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By GlobalDataAll Perkins staff including CEO Mark Perkins will remain based at their current offices in Abilene and Eastland, Texas.
Perkins said: “We are constantly looking for new ways to better serve the West Texas community in their evolving risk mitigation needs.
“Joining Marsh McLennan Agency was the best decision we could make for clients. Our colleagues will now have access to a team of industry-leading experts and resources to deliver even more powerful results for our local businesses and community members.”
Marsh McLennan Agency is known for providing a broad array of insurance solutions including business insurance, retirement and wealth, employee health and benefits, and private client insurance.
It has 10,000 employees and 180 offices across North America.
Commenting on the acquisition, Marsh McLennan Agency Southwest region CEO Matt Stadler said: “The Perkins team is known for high-quality client service tailored to the unique needs of their community.
“As we look to expand our offerings in West Texas, their reputation for impactful commercial and personal insurance solutions made this the right decision for our team.”
Last month, Marsh McLennan Agency acquired New York independent commercial lines brokerage AC Risk Management.
