Marsh & McLennan acquires Seitlin Insurance
Nov 17, 2011
The following article was published in the South Florida Business Journal on November 17, 2011:
March & McLennan acquires Seitlin Insurance
Marsh & McLennan Agency LLC said it has acquired Seitlin Insurance, one of the largest insurance firms in South Florida. Terms of the deal were not disclosed in a news release.
Seitlin, which has 119 employees in three offices (Miami, Fort Lauderdale and West Palm Beach), will serve as MMA’s Florida hub, according to the release. All of Seitlin’s employees and leadership team will join MMA.
“Seitlin’s excellent reputation, strong management team, and blend of property/casualty and employee benefit business make it an ideal partner for MMA,” MMA Chairman and CEO Dave Eslick said in a statement. “I welcome the entire Seitlin team to MMA and look forward to further building out MMA’s presence in Florida.”
“Joining MMA represents a great growth opportunity for Seitlin,” Seitlin CEO Tom Cornish said. “As part of MMA, we will be able to continue our strong legacy of innovation and superior client service, while also having access to the support and resources of the world’s leading insurance broker and risk advisor.”
Seitlin was No. 7 on the South Florida Business Journal’s list of the region’s largest insurance agencies, with $315 million in premium volume for 2010.
Find this article here: http://www.bizjournals.com/southflorida/news/2011/11/17/marsh-mclennan-acquires-seitlin.html