Marsh McLennan Agency (MMA), a subsidiary of insurance broker and risk advisor Marsh, has continued its growth trajectory with the purchase of the Horton Group.
Horton is an independent and full-service insurance brokerage based in Orland Park, Illinois, US.
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Financial details of the transaction, which is expected to complete in the third quarter of 2024, were not revealed.
Set up in 1971, Horton provides a range of insurance services including P&C insurance, employee benefits consultation and personal lines coverage.
It serves both businesses and individual customers in Indiana, Illinois, Wisconsin, Minnesota and Florida.
MMA will retain Horton’s employees including CEO Dan Horton, who will continue to operate from their current offices.
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By GlobalDataMarsh McLennan Agency Midwest region CEO Tony Chimino said: “We have been impressed by the Horton team and their capabilities for many years and are thrilled to welcome them to Marsh McLennan Agency.
“From their industry specialties to breadth of expertise, they share our passion for bringing clients a strategic approach to risk management.”
Horton added: “Marsh McLennan Agency is among the best in the business, and we are proud to be a part of their team. We are eager to hit the ground running to deliver enhanced solutions for clients as they navigate their unique exposures.”
This acquisition follows MMA’s recent purchase of Hudson Shore Group in Red Bank, New Jersey, and AmeriStar Agency in Wayzata, Minnesota.
Hudson Shore Group, established in 2010, specialises in employee benefits, consulting and administrative services for public sector clients.
AmeriStar Agency, founded in 1987, provides insurance solutions to commercial entities and high-net-worth individuals.
Earlier last month, MMA expanded its US presence by acquiring Perkins Insurance Agencies, an independent agency that has been offering insurance and risk management services since 1977.
