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MIAMI—Marsh Inc.’s Marsh & McLennan Agency L.L.C. has acquired South Florida brokerage Seitlin Insurance for an undisclosed amount, Marsh announced Thursday.
Seitlin, which specializes in property/casualty insurance and employee benefits for middle-market companies, will serve as MMA’s hub in Florida, Marsh said.
Seitlin generates annual revenue of about $24 million and employs 119 workers in Miami, Fort Lauderdale and West Palm Beach. All the employees and leadership team, including Seitlin CEO Tom Cornish, will join MMA, Marsh said.
MMA is an initiative that the New York brokerage Marsh & McLennan Cos. Inc. launched in 2009 to build business in the middle market.