Marsh & McLennan Acquires Florida-Based Tequesta Insurance Advisors
Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Tequesta Insurance Advisors, a personal, commercial, and employee benefits insurance provider in Florida. Terms of the transaction were not disclosed.
With approximately $10 million in annual revenues and 50 employees, Tequesta adds additional property/casualty capabilities and personal lines expertise to MMA’ s Florida region. All of Tequesta’s employees are joining MMA and will continue to operate out of the agency’s Tequesta, Florida office.
According to Shannon Alfonso, president of MMA’s Florida region, with the addition of Tequesta MMA now has more than 220 colleagues in eight offices throughout Florida providing risk, insurance, and benefit products to middle market companies and individuals in the state.
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
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