Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, on Friday announced that it had acquired Kinker-Eveleigh Insurance Agency, a Cincinnati-based property/casualty firm. Terms of the deal were not disclosed.
"I'm thrilled that Kinker-Eveleigh will become part of MMA's Midwest region," said Jeff Lightner, MMA's Midwest president in a statement announcing the transaction. "With the addition of such high-quality talent, we enhance our ability to offer a full spectrum of property/casualty and employee benefit capabilities to our clients in the Midwest."
Kinker-Eveleigh reportedly brought in about $3.5 million in revenue last year and will operate out of MMA's Midwest region, which includes Brower Insurance, which was acquired by MMA in 2012. All of the existing staff and leadership will stay on as part of MMA, working out of their current office space in Cincinnati.
"Our clients today are seeking advice and innovative solutions from insurance advisors to help them manage all of the increasingly complex and ever-changing risks they face," said Kinker-Eveleigh president Sam Tuten. "Joining MMA not only provides us the resources to address these needs and concerns; it also presents opportunities for the growth and professional development of our insurance team, all while maintaining Kinker-Eveleigh's local presence."
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