Marsh McLennan Finalizes Acquisition of McGriff Insurance Services

Marsh McLennan has finalized its acquisition of McGriff Insurance Services, LLC. With this transaction, McGriff's more than 3,500 employees will transition to Marsh McLennan Agency (MMA), operating from their existing office locations.

John Doyle, president and CEO of Marsh McLennan, said, "We are thrilled to welcome the McGriff team to Marsh McLennan. Their deep specialty and industry capabilities will strengthen Marsh McLennan Agency's value proposition and expand our reach in the growing middle market."

The deal, valued at $7.75 billion, is expected to enhance Marsh McLennan's capabilities across commercial property and casualty, employee benefits, management liability, and personal lines. McGriff is one of the largest providers of insurance broking and risk management services in the United States, having reported $1.3 billion in revenue for the 12 months ending June 30, 2024.

David Eslick, chairman and CEO of Marsh McLennan Agency, said, "Armed with McGriff's outstanding talent, leadership, and expertise, we look forward to enhancing our client-centric capabilities to serve even more businesses and communities across the country."

Read Davis, CEO of McGriff, said, "By joining Marsh McLennan Agency, our teammates gain access to expanded global resources and industry knowledge to build their career growth and bring innovative, actionable solutions to clients—who will continue to be served by the same dedicated teams and client-first strategy they know and trust."

Founded in 1886, McGriff specializes in providing commercial property and casualty insurance, surety, employee benefits, and personal lines insurance solutions to businesses and individuals across the United States.