Done deal: Marsh McLennan Agency now twice as big in Louisiana

Terms remain undisclosed

Done deal: Marsh McLennan Agency now twice as big in Louisiana

Insurance News

By Terry Gangcuangco

Marsh subsidiary Marsh McLennan Agency (MMA) has finalized its acquisition of middle-market agencies Querbes & Nelson (Q&N) and Louisiana Companies.

The completion of the deals effectively doubles MMA’s market presence in Louisiana. The acquired firms, meanwhile, will be led by the following:

  • Kevin Briggs – chief executive of Q&N and Louisiana Companies
  • Mike Belanger – president and chief sales officer for Q&N
  • Ryan Allen – president and chief sales officer for Louisiana Companies
  • George Nelson – senior advisor for both companies

Q&N, trading in Shreveport since 1914, is known for its offerings in business insurance, employee benefits, and alternative risk financing consulting. The agency has a particular focus on businesses in the energy services, commercial contractors, and transportation sectors.

Meanwhile Louisiana Companies, with its roots dating back to 1890 in Baton Rouge, specializes in business and personal lines insurance. Its clientele predominantly spans the construction, manufacturing, distributor, healthcare, and hospitality industries.

Through the acquisitions, MMA aims to bolster its portfolio of business insurance, employee health & benefits, retirement & wealth, and private client insurance solutions.

The monetary specifics of both transactions remain undisclosed.

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