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Marsh & McLennan Agency Acquires Eidson Insurance
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Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., today announced it has acquired Eidson Insurance, a $3.4 million revenue property/casualty and employee benefits agency based in Orlando, Florida. Terms of the transaction were not disclosed.

Established in 1943, Eidson offers a wide range of property/casualty and employee benefit services to individuals and businesses in central Florida, with a particular focus on the health care industry. All of Eidson’s employees and leadership team, including President Laura Eidson Cosgrove, will join MMA and continue operating out of the agency’s existing Orlando office. Eidson will join MMA’s Florida hub created last year by the acquisition of Seitlin Insurance, which now operates under the Marsh & McLennan Agency name.

“Eidson Insurance is a high-quality firm with a strong reputation for professionalism and service excellence,” said Tom Cornish, President and CEO, Florida Region, for Marsh & McLennan Agency. “With the addition of Eidson, MMA will now have offices in Miami, Fort Lauderdale, West Palm Beach, Jacksonville, and Orlando with 190 associates providing risk, insurance, and benefit solutions to middle market companies and individuals in Florida.”

“Joining MMA represents an exciting opportunity for all of the members of our firm to build upon the strong foundation we have forged over the last 70 years,” Ms. Cosgrove said. “Together, MMA and Eidson will be able to offer greater resources to our clients to address their increasingly complex needs.”

Commenting on the transaction, David Eslick, Chairman and CEO of Marsh & McLennan Agency, said: “I am delighted to welcome Laura and the rest of the Eidson team to MMA. Spoke acquisitions such as this are an essential component of our strategy to become one of the nation’s preeminent insurance agencies serving the needs of the middle market.”

About Marsh & McLennan Agency
Marsh & McLennan Agency LLC, a subsidiary of Marsh, was established in 2008 to meet the needs of midsize businesses in the U.S. MMA operates autonomously from Marsh to offer commercial property, casualty, personal lines, and employee benefits to clients across the U.S.



 

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Media Contacts
Sally Roberts
303 952 9453
sally.roberts@marsh.com

Lee Ann Farwell
212 345 1125
leeann.farwell@marsh.com

About Marsh
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 26,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. With 55,000 employees worldwide and annual revenue exceeding $12 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @MarshGlobal, or on LinkedIn, Facebook, and YouTube.