Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Vero Insurance, Inc., a Vero Beach, Florida-based independent agency specializing in private client insurance services. Terms of the transaction were not disclosed.
Founded in 1960, Vero Insurance specializes in providing insurance to high net worth individuals, families, and small businesses along Florida’s Central Atlantic coast. All of Vero Insurance’s 24 employees will join MMA and continue to operate out of the agency’s existing office under the leadership of its President Jonathan Schwiering.
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
Topics Mergers & Acquisitions Florida
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