This is the 24th acquisition by the Marsh & McLennan Agency since 2009
The Marsh & McLennan Agency announced today that it has acquired The Protector Group Insurance Agency, an independent agency based in Worcester, Ma. The Marsh & McLennan Agency or MAA is a subsidiary of the the global insurance broker Marsh, Inc. Commenting on the transaction, David Eslick, chairman and CEO of Marsh & McLennan Agency, said:
“I’m delighted to welcome Bob, Jack and the rest of the Protector Group team to MMA as we continue to build what is quickly becoming one of the nation’s preeminent insurance organizations serving the needs of the middle market.”
“Protector Group’s strong regional presence, top-notch leadership, and blend of property/casualty and employee benefits make it a perfect fit for MMA in New England,” said Jim Blue, CEO of MMA’s New England region. “With the addition of Protector Group we double the size of the region and further enhance our ability to offer property/casualty and employee benefit capabilities to our clients.”
The Protector Group has been an independent insurance agency operating in Massachusetts since 1928. It is a full service agency with three locations in Wellesley, Leominister and its headquarters in Worcester. Beginning as a small agency in Milford, the company has grown over the years to become one of the largest independent insurance agencies catering to both personal and commercial clients throughout New England. As of today, the agency in one of the largest in New England generating approximately $13.6 million in annual revenues and employing a staff of 84.
Bob Vandreuil has been the President and Chief Executive Officer for The Protector Group since 1994 and is optimistic about the next step for the agency that he has run for the last 18 years.
“Joining MMA represents an exciting opportunity for all of the members of our firm to build upon the strong foundation we have built over the last 84 years,” said Mr. Vaudreuil. “Together, MMA and Protector Group will be able to offer greater resources to our clients to address their increasingly complex needs.”
While the exact terms of the deal has not been disclosed, the Protector Group will continue to operate out the agency’s existing offices and that all of the agency’s leadership and staff will join MMA as employees.
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