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Marsh & McLennan Agency L.L.C., a White Plains, New York-based subsidiary of Marsh L.L.C., on Wednesday said it has acquired St. Louis-based independent insurance broker J.W. Terrill Inc.
Terms of the transaction were not disclosed.
With the acquisition, Marsh & McLennan Agency expands its midmarket risk management and employee benefit services into Missouri, Marsh L.L.C. said in a statement.
All of J.W. Terrill’s employees and executives, including CEO Andrew Thome, will join Marsh & McLennan Agency’s upper Midwest region and continue to operate out of its St. Louis office, according to the statement.
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. J.W. Terrill is the 90th-largest broker of U.S. business, according to the ranking.
Marsh & McLennan Cos. Inc. announced that Marsh L.L.C. President and CEO Peter Zaffino has been appointed chairman of Marsh & McLennan's Risk & Insurance Services segment, which includes Marsh and Guy Carpenter & Co. L.L.C.