Marsh & McLennan Agency snaps up Highsmith Insurance

Marsh & McLennan Agency snaps up Highsmith Insurance | Insurance Business America

Marsh & McLennan Agency snaps up Highsmith Insurance

Marsh & McLennan Agency (MMA), the middle-market agency subsidiary of Marsh, has announced the acquisition of North Carolina-based Highsmith Insurance, an independent brokerage firm. Terms of the transaction were not disclosed.

Highsmith, founded in 1974, offers insurance and bond products to midsized employers and individuals in the Mid-Atlantic region. It boasts offices in Raleigh, N.C., Charleston, S.C., and Nashville, Tenn. All of the company’s employees will join MMA in the acquisition.

“We are focused on adding high-quality agencies in the Mid-Atlantic with strong management, a great mix of business, and talented colleagues with a dedication to client service. We found this with Highsmith, and are excited they are joining MMA,” said Tom Brown, chairman of MMA’s Mid-Atlantic region.

“Joining MMA provides us with access to a national footprint that will enable us to grow, offer our clients additional expertise and resources, and provide our colleagues new career opportunities,” said Ty Highsmith, president of Highsmith Insurance.