Marsh snaps up construction specialist
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.
Founded in 1956, Insurance Associates provides commercial property/casualty insurance, surety, and employee health and benefits solutions to clients throughout the Mid-Atlantic. It operates out of four offices in Rockville, Maryland; Laurel, Maryland; Towson, Maryland; and Fairfax, Virginia, and has 59 employees, all of whom will join MMA and continue to work out of their current locations.
“Insurance Associates is an excellent addition to MMA as it expands its presence into the greater Washington DC region and further enhances our construction capabilities,” said John Stanchina, CEO of MMA’s Mid-Atlantic Region.
Stephen Spencer, president of Insurance Associates, added: “Joining MMA is an excellent opportunity that allows us to keep and grow our local team while giving us the capabilities of a national platform to build upon our success.”
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