Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, has acquired RJF Agencies, a Minneapolis-based independent insurance agencies.
RJF provides property and casualty insurance and employee benefits to middle market companies in a wide range of industries.
RJF has specialty practices in manufacturing, condominium and townhome associations, management liability, and contractors, among others.
All of RJF’s employees and leadership team, including Bill Jeatran, CEO, and Tim Fleming, president, will join MMA.
MMA chairman and CEO David Eslick said that the RJF’s strong regional presence, top-notch leadership, sales-oriented culture and blend of property and casualty and employee benefits business were very attractive as MMA looked for a quality partner to join MMA in the upper Midwest.
The terms of the transaction were not disclosed.