Marsh & McLennan Agency swoops for Florida firm

Marsh & McLennan Agency swoops for Florida firm | Insurance Business

Marsh & McLennan Agency swoops for Florida firm

Marsh & McLennan Agency (MMA), the middle-market subsidiary of Marsh, has announced that it has reached an agreement to acquire Bouchard Insurance, a Clearwater, Fla.-based full-service agency. Terms of the transaction were not disclosed.

Bouchard, founded in 1948, has 260 employees in offices in Clearwater, Tampa, Fort Myers, Kissimmee, Maitland, and Sarasota, Fla. It provides property-casualty, employee health and benefits, and personal-lines insurance to midsize businesses. The firm has special expertise in agribusiness, community associations, construction, education, healthcare, hospitality, staffing, and social services.

Bouchard will maintain its existing locations and operate as Bouchard Insurance, a Marsh & McLennan Agency LLC company. Doug Bishop, CEO of Bouchard, will continue to lead the operation.

“Bouchard’s strong client-first culture and commitment to the education and development of its colleagues make it a powerful addition to our growing presence across the US,” said David Eslick, chairman and CEO of MMA.

“By joining the MMA team, we have the opportunity to provide innovative resources and solutions for our clients and new growth opportunities for our colleagues,” Bishop said. “Equally important, MMA shares our passion to support the communities we serve. We are excited to play a role in the ongoing growth of this dynamic national firm.”