With the backing of $500 million and a chief executive seasoned in the ways of mergers, Marsh & McLennan Agency LLC is preparing to line up acquisitions, which it sees as the fast-track way to grow the business.
Jack Butcher, president and chief executive officer of Marsh & McLennan Agency, said in an interview that with the financial arrangements put in place late last year, and the addition of David L. Eslick as chairman earlier this month, the unit is on its way to "accelerate our launch through M&A as opposed to the organic, which we will still pursue, but in terms of priority, I think with M&A we have a greater opportunity to move now."
In late October, New York-based Marsh & McLennan Companies announced the launch of Marsh & McLennan Agency, designed to serve the insurance needs of small and emerging U.S. companies.
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