Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, has acquired South Florida based Seitlin Insurance for an undisclosed sum.
ibrFounded in 1945, Seitlin has annual revenue of approximately $24m and offers property and casualty insurance and employee benefits to middle market companies in a wide range of industries.
Seitlin will serve as MMA’s Florida hub and is the latest acquisition for MMA, which plans to build a national platform strategy to serve the property and casualty insurance and employee benefit needs of the middle market companies.
MMA chairman and CEO Dave Eslick said Seitlin’s blend of property/casualty and employee benefit business make it an ideal partner for MMA.
Seitlin CEO Tom Cornish said as South Florida is the gateway to Latin America, they will be able to offer their clients the capability of Marsh throughout the Americas.