The Marsh-owned Marsh & McLennan Agency has acquired privately owned independent agency Otis-Magie Insurance for an undisclosed sum. In a statement, the company said it was "pleased to have reached this agreement with OCI and its management team." CEO Tom Stender will continue in his role post-acquisition, and the firm will be rebranded Otis-Magie, a Marsh & McLennan Agency company.
The Marsh-owned Marsh & McLennan Agency has acquired privately owned independent agency Otis-Magie Insurance for an undisclosed sum. Otis-Magie sells business and personal insurance, as well as employee benefits across the northern Minnesota region. CEO Tom Stender will continue in his role post-acquisition, and the firm will be rebranded Otis-Magie, a Marsh & McLennan Agency company.