Marsh & McLennan Agency (MMA), a subsidiary of Marsh, has purchased Momentous Insurance Brokerage, an independent insurance agency based in California.
The financial terms of the agreement have not been disclosed.
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Momentous Insurance Brokerage, which was established in 2008, provides risk management and employee benefits services.
It specializes in high net worth private client services and insurance solutions for the entertainment industry.
It employs more than 220 people and has offices in Los Angeles and Torrance, California, and New York City.
As per the agreement, all staff of Momentous at the three offices will join MMA. Its president and CEO Diane Brinson will continue to lead the operations.
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By GlobalDataBrinson said: “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.”
MMA CEO David Eslick 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.”
MMA West region CEO Chris Williams 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.”
Recently, MMA acquired Ironwood Insurance Services, an Atlanta, Georgia-based broker.
Ironwood offers commercial property/casualty insurance, employee benefits and private client solutions to midsize businesses and individuals across the US.
