Marsh McLennan will also benefit from a deferred tax asset estimated to be worth $500m. Credit: John Hanson Pye/Shutterstock.

Marsh McLennan, through its Marsh McLennan Agency (MMA) business, has completed the acquisition of McGriff Insurance Services. 

The deal, valued at $7.75bn, was announced in September this year. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

McGriff Insurance Services was acquired with a combination of cash on hand and debt funding.  

With this deal, MMA, a subsidiary of Marsh, is set to enhance its capabilities in commercial property and casualty, employee benefits, management liability and personal lines. 

With the closure of the transaction, more than 3,500 McGriff employees will become part of MMA.  

This integration is expected to strengthen the company’s position in the market by leveraging the expertise and customer base of McGriff. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Marsh McLennan will also benefit from a deferred tax asset estimated to be worth $500m.  

Following the completion of the deal, Marsh McLennan CEO and president John Doyle said: “We are thrilled to welcome the McGriff team to Marsh McLennan. Their deep specialty and industry capabilities will strengthen Marsh McLennan Agency’s value proposition and expand our reach in the growing middle market. Together, McGriff and MMA will deliver even greater value to clients.”    

MMA CEO and chairman David Eslick said:  “Armed with McGriff’s outstanding talent, leadership and expertise, we look forward to enhancing our client-centric capabilities to serve even more businesses and communities across the country.” 

McGriff CEO Read Davis said: “By joining Marsh McLennan Agency, our teammates gain access to expanded global resources and industry knowledge to build their career growth and bring innovative, actionable solutions to clients – who will continue to be served by the same dedicated teams and client-first strategy they know and trust.” 

Founded in 1886, McGriff is a provider of insurance broking and risk management services in the US.  

In July, MMA acquired the Hudson Shore Group based in Red Bank, New Jersey, and AmeriStar Agency, located in Wayzata, Minnesota.