A day after announcing the acquisition of Texas independent agency Insurance Alliance, the head of Marsh & McLennan Companies said the firm could announce the purchase of several additional agencies by year's end, with more coming in 2010 as part of the firm's strategy to target more middle-market business.
MMC announced the establishment of its Marsh & McLennan Agency subsidiary in October 2008, saying it planned to make it one of the premiere insurance agency networks in the United States–offering commercial property and casualty, personal lines and employee benefits to client across the country.
MMC President and Chief Executive Officer Brian Duperreault said he has been encouraged by the quality of agencies his company has approached about a possible acquisition, but he noted that courting the targeted agencies has taken some time.
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