4 July 2018Insurance

Marsh expands construction capabilities with acquisition

Marsh & McLennan Agency (MMA), the middle market agency subsidiary of Marsh, has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specialising in the construction industry.

Klein Agency is a third-generation family-run agency. It has focused for more than 50 years on helping construction companies with their surety bonding, as well as personal and business insurance needs.

Following the deal, all of Klein’s employees and leadership will join MMA, and continue operating out of Klein’s existing office.

“With Klein Agency’s people, resources, and expertise now part of MMA, our region will expand its ability to deliver world class surety services to our construction clients in Minnesota as well as the upper Midwest,” said Tim Fleming, CEO of MMA’s upper Midwest region.

“We’re eager to begin working collaboratively with our new colleagues at MMA. Together, we will deliver an enhanced suite of services to our clients,” said Steve Klein, Vice President of Klein Agency.

Make sure you are GDPR compliant and  confirm your email address to keep getting our daily emails

More of today's news

Hyperion’s DUAL reshuffles leadership; brings in external talent to seek growth

Bermuda regulator revokes broker licence after ‘serious’ breaches

AmTrust receives boost as AM Best affirms its IFS ratings

Insurtech Planck Re raises $12m to simplify commercial underwriting

Bermuda’s ABIR says re/insurers absorbed £30bn of cat losses with ‘flying colours’

Ed swoops for Saudi Re hire as treaty leader in MENA, India

Mitsui Sumitomo bolsters Africa network with strategic alliance

Don't miss our insurtech email newsletter - sign up today

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
3 April 2019   Marsh & McLennan Agency (MMA), the middle market agency subsidiary of broker Marsh, has entered a new market with the acquisition of Arizona-based Lovitt & Touché, one of the state’s largest independent insurance agencies.
Insurance
9 July 2018   Insurance broker Marsh has appointed Kevin Richards to a newly created role of global head of cyber risk consulting.
Insurance
3 July 2018   Marsh & McLennan Agency (MMA), a middle market agency subsidiary of Marsh, has acquired Rockville, Maryland-based Insurance Associates, an independent insurance agency specializing in the construction industry.