Marsh McLennan Agency (MMA) announced the acquisition of Robinson & Son, a Hudson Falls, New York-based agency specializing in the maritime industry.
Terms of the acquisition were not disclosed.
The agency, which offers both commercial and personal lines insurance, was founded in 2005 by James Robinson and his father Peter Robinson, who has since retired.
All employees, including James Robinson, co-founder and agency principal, will join MMA and continue to operate out of their existing office location, according to the announcement.
“The risks that our clients in the maritime space face today are evolving and becoming more complex than ever before. By joining MMA, we will have access to broader resources that will enhance our client service capabilities and enable us to provide additional solutions for clients, all while maintaining our staff and service that make us who we are,” Robinson commented.
Marsh McLennan Agency is a business of Marsh, which has annual revenue of more than $24 billion and more than 90,000 colleagues.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Space Startups Seek Insurance for Orbital AI Data Centers 
Capital Factory CEO Killed in Private-Jet Crash in Texas 
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
Older, Wealthier Renters Drive Changes in Insurance Needs 
