HMS Insurance Associates snapped up by Marsh McLennan Agency
Professional services firm Marsh McLennan Agency (MMA) has acquired HMS Insurance Associates, a Maryland-based insurance agency for an undisclosed price.
Established in 1943, HMS Insurance Associates caters to individuals and businesses in the Mid-Atlantic. It offers them property/casualty insurance, group captive, surety, and employee benefits.
John Stanchina — Marsh McLennan Agency Mid-Atlantic region CEO said: “The MMA goal has always been to partner with the best firms and together build a unique experience for colleagues and clients.
“With exceptional leadership, client satisfaction, long-term client retention, and decades of profitable growth, we are delighted to bring the HMS team on board.”
The insurance agency is located in Hunt Valley and its workforce of over 120 people, including its president Gary L. Berger, will join Marsh McLennan Agency.
Gary L. Berger said: “We are excited to join the MMA family given the alignment we share in our approach to customer service, employee engagement, and carrier partnership.
“This is an opportunity to continue to enhance our capabilities and deepen our industry relationships, as well as augment the training and career development resources available to colleagues, in turn equipping them to best meet client needs.”
Marsh McLennan Agency, which is a subsidiary of global insurance broker and risk advisor Marsh, offers business insurance, retirement, employee health & benefits, and private client insurance solutions.