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Marsh unit buys L.A.-based broker

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Marsh & McLennan

Marsh & McLennan Agency LLC, the middle-market agency subsidiary of Marsh, has acquired Los Angeles -based Momentous Insurance Brokerage Inc., MMA said in a statement Friday.

Terms of the acquisition were not disclosed.

 Momentous specializes in insurance for the entertainment industry and high-net-worth private client services, the statement said.

Diane Brinson, president and CEO of Momentous, will continue to lead operations, and the broker’s 220 employees in its three offices — Los Angeles; Torrance, California; and New York — will join MMA, the statement said.

“Momentous has a long-established reputation for their expertise in the entertainment, film and TV industries,” David Eslick, CEO of MMA, said in the statement.

Marsh & McLennan Cos. Inc. was the top-ranked broker in Business Insurance’s most recent listing of leading brokers by 2018 brokerage revenue generated by U.S clients.