Marsh & McLennan Agency (MMA), a subsidiary of insurance broker Marsh, said it has acquired The Bond Network, a surety bonding agency based in Charlotte, North Carolina.
Terms of the transaction were not disclosed.
Founded in 1985 by H. Thomas Dawkins, The Bond Network generates $1.1 million in annual revenue and offers commercial, contract, and special risk surety bonds to private contractors throughout The Carolinas. Dawkins and the rest of the agency will operate out of MMA’s mid-Atlantic region.
MMA targets midsize businesses in the U.S.
Was this article valuable?
Here are more articles you may enjoy.
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments 
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
