Marsh Acquires Bradley Agency in Tennessee; Wright Flood Adds IAT Book of Business

Marsh McLennan Agency, a subsidiary of the global insurance broker Marsh, has acquired Bradley Insurance Agency, a commercial brokerage in Knoxville, Tennessee.

The Bradley agency was founded in 1972 by Steve Bradley and was acquired by Kendall and Kevin Bradley in 2014. All employees will be joining the Marsh team, the company said in a news release.

“With the addition of Bradley Insurance, we’re expanding our insurance expertise in eastern Tennessee under the direction of a highly respected and accomplished team,” said Peter Krause, CEO of MMA’s Southeast region.

Marsh McLennan Agency, based in White Plains, New York, offers business insurance, benefits plans, retirement and other products. It has 170 offices across North America, the company said.

Wright Flood Expands

Wright National Flood Insurance Co., known as Wright Flood, announced that it has purchased the flood book of business from North Carolina-based IAT Insurance Group and its affiliate, Occidental Fire and Casualty Co.

Starting early next year, Wright Flood will administer and issue National Flood Insurance Program coverage for IAT policyholders and agents, and will service IAT’s private flood business, the company said, according to local news reports.

Wright Flood, headquartered in St. Petersburg, Florida, has significantly expanded its reach this year. In June, the firm bought United Property & Casualty’s flood book. In August, Wright launched ResiFlood, a private flood insurance program in North Carolina.