Friday, January 6, 2023
HomeInsurance LawMarsh McLennan Company buys HMS Insurance coverage Associates

Marsh McLennan Company buys HMS Insurance coverage Associates


US-based Marsh McLennan Company (MMA) has acquired HMS Insurance coverage Associates, an unbiased insurance coverage company, for an undisclosed sum.

HMS was established in 1943 and gives property/casualty insurance coverage, surety, group captive, and worker advantages to people and companies within the Mid-Atlantic.

As a part of the deal, HMS’ greater than 120-member crew, together with its president Gary L. Berger, will transfer to MMA. They may stay based mostly on the agency’s Hunt Valley, Maryland workplace.

MMA mid-Atlantic area CEO John Stanchina supply: “The MMA aim has all the time been to companion with the perfect companies and collectively construct a singular expertise for colleagues and shoppers.

“With distinctive management, consumer satisfaction, long-term consumer retention, and a long time of worthwhile progress, we’re delighted to deliver the HMS crew on board.”

Berger added: “We’re excited to affix the MMA household given the alignment we share in our method to customer support, worker engagement, and provider partnership. 

“This is a chance to proceed to boost our capabilities and deepen our business relationships, in addition to increase the coaching and profession improvement sources out there to colleagues, in flip equipping them to greatest meet consumer wants.”

MMA is a division of insurance coverage middleman and danger consultancy Marsh.

It gives business insurance coverage, worker well being & advantages, retirement, and personal consumer insurance coverage options to each organisations and people.

Final month, MMA purchased McDonald Zaring Insurance coverage, which caters to companies and people throughout numerous sectors, comparable to wineries, agri-business, monetary establishments, well being clinics and contractors.



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