Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Marsh & McLennan Agency acquires Canadian brokers

Reprints
Marsh & McLennan Agency acquires Canadian brokers

Marsh & McLennan Agency L.L.C., a White Plains, New York-based subsidiary of Marsh L.L.C., on Tuesday said it acquired Vézina, a Montreal-based insurance brokerage.

Terms of the transaction were not disclosed, according to a statement from Marsh & McLennan Agency.

The acquisition includes the property/casualty brokerage division Vézina Assurances Inc. and group benefits division Vézina & Associes Inc., the statement said.

The acquisition of Vézina marks Marsh & McLennan Agency's entry into the Canadian market, the statement said.

Vézina serves midsize businesses in Quebec. Its 80 employees will join Marsh & McLennan Agency. Vézina will continue to be led by co-CEOs Pierre and Patrice Vézina, the statement said.

Marsh, a global insurance brokerage and risk management firm, is a wholly owned subsidiary of Marsh & McLennan Cos. Inc., the world's largest insurance broker, according to Business Insurance's latest ranking.

Read Next