Marsh McLennan Agency, a subsidiary of Marsh, today announced the acquisition of AmeriStar Agency, Inc., a Wayzata, Minnesota-based independent agency. Terms of the acquisition were not disclosed.
Founded in 1987, AmeriStar provides a range of insurance coverage solutions to high net worth individuals and commercial clients. All AmeriStar employees, including President Matt Schadow, will join Marsh McLennan Agency and continue to operate out of their existing Wayzata office.
Commenting on the acquisition, Timothy Fleming, Chairman of Marsh McLennan Agency’s Upper Midwest region, said: “As we continue executing on our growth strategy of finding high-quality agencies that meet our evolving client needs, we look forward to working with the AmeriStar team to offer deeper risk management expertise and solutions for businesses and individuals.”
“Joining Marsh McLennan Agency is a significant milestone for our team, empowering us to enhance our service offerings and tap into their expertise and resources,” added Mr. Schadow. “We are eager to begin delivering clients elevated solutions to their unique exposures in today’s dynamic market.”
About Marsh McLennan Agency
Marsh McLennan Agency provides business insurance, employee health & benefits, retirement & wealth, and private client insurance solutions to organizations and individuals seeking limitless possibilities. With 11,000 colleagues and 200 offices across North America, Marsh McLennan Agency combines the personalized service model of a local consultant with the global resources of the world’s leading professional services firm, Marsh McLennan (NYSE: MMC).
About Marsh
Marsh is the world’s leading insurance broker and risk advisor. With more than 45,000 colleagues advising clients in over 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue of $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman. For more information, visit marsh.com, and follow us on LinkedIn and X.
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Contacts
Salina Pellios
Media Relations
332-284-4154
salina.pellios@mmc.com
