Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Seitlin Insurance, one of the largest insurance brokerage firms in South Florida. Terms of the transaction were not disclosed.
Founded in 1945, Seitlin has annual revenue of approximately $24 million and 119 employees in three Florida offices: Miami, Fort Lauderdale, and West Palm Beach. Seitlin provides property and casualty insurance and employee benefits to middle market companies in a wide range of industries. All of Seitlin's employees and leadership team, including CEO Tom Cornish, will join MMA.
Seitlin will serve as MMA's Florida hub and is the latest in a number of acquisitions MMA has made since embarking on its strategy of building a national platform to serve the property and casualty insurance and employee benefit needs of the middle market.
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