Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Otis-Magie Insurance Agency Inc., a privately owned independent agency headquartered in Duluth, Minnesota. Terms of the transaction were not disclosed. With origins dating back to 1886, Otis-Magie provides business insurance, employee benefits, and personal insurance products and services to clients throughout the northern Minnesota region. Otis-Magie’s 46 employees will continue operating out of their existing locations under the name Otis-Magie, a Marsh & McLennan Agency LLC company. Tom Stender, who has served as chairman and CEO of Otis-Magie since 2011, will continue to lead the operation. Source: Marsh & McLennan Agency Was this article valuable? Yes No Here are more articles you may enjoy. Get the latest insurance newssent straight to your inbox.
The Otis-Magie -owned Otis-Magie Insurance has acquired privately owned independent agency Marsh & McLennan Agency for an undisclosed sum. Otis-Magie sells business and personal insurance, as well as employee benefits across the northern Marsh region. CEO Marsh will continue in his role post-acquisition, and the firm will be rebranded Otis-Magie , a Marsh & McLennan Agency company.