Monday, July 25, 2022
HomeInsurance LawMarsh McLennan Company snaps up Clark Insurance coverage

Marsh McLennan Company snaps up Clark Insurance coverage

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Marsh McLennan Company (MMA) has introduced the acquisition of an unbiased insurance coverage company, Clark Insurance coverage to develop its presence within the New England area of the US.

The monetary phrases of the transaction weren’t disclosed.

Portland, Maine-based Clark is a full-service company, which caters to companies and people throughout the area.

The insurer was established in 1931 and its choices embrace enterprise insurance coverage, worker well being and advantages and personal consumer companies.

West Springfield, Massachusetts-based Haberman Insurance coverage, which was acquired by Clark in 2021, can be a part of the deal.

Below the phrases of the settlement, MMA will retain all of the 135 workers of Clark.

MMA New England area CEO Jerry Alderman mentioned: “Clark Insurance coverage is revered throughout the area for his or her high quality service and experience, in addition to the colleague-focused tradition that units them other than different companies.”

“Each the Clark crew and MMA share a dedication to serving purchasers, colleagues, and the neighborhood and we’re excited to have them on board.”

Clark Insurance coverage president Jeff Shaw mentioned: “MMA opens a brand new chapter for our organisation and our key constituents. Working with the energy and assets of Marsh McLennan Company will give our purchasers entry to extra instruments and assets to succeed in their targets.

“Our colleagues will see new alternatives for progress and growth, and our dedication to supporting native communities will stay a high precedence.”

MMA is a subsidiary of Marsh, which is among the 4 companies of the worldwide skilled companies agency Marsh McLennan.

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