NU Online News Service, Jan. 6, 1:24 p.m. EST
The 2011 merger and acquisition spree continued with the recent announcements of six agencies acquired by four major insurance brokerage firms, with Marsh & McLennan Agencies scoring the largest of the lot.
Marsh & McLennan Agencies (MMA), a subsidiary of insurance broker Marsh, said it has acquired RJF Agencies of Minneapolis.
Founded in 1986, RJF has annual revenue of approximately $25 million and roughly 150 employees. The firm provides property and casualty insurance and employee benefits to middle market companies in a range of industries. RJF has specialty practices in manufacturing, condominium and townhome associations, management liability, and contractors, among others. All of RJF's employees and leadership team, including Bill Jeatran, chief executive officer, and Tim Fleming, president, will join MMA.
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