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”.
Marsh & McLennan Agency LLC, the middle market agency subsidiary of Marsh LLC, on Tuesday said it has acquired Phoenix-based commercial broker Lovitt & Touché Inc.
Terms of the acquisition were not disclosed.
Lovitt & Touché, founded in 1911, provides commercial property, casualty, personal lines and employee health and benefits in Arizona and surrounding states, with a focus on the construction, real estate, nonprofit, health care, and manufacturing industries, Marsh & McLennan Agency said in a statement. In addition to Phoenix, the broker has offices in Tucson, Arizona, and Las Vegas.
Lovitt & Touché’s 181 employees will join the agency, and Charlie Touché, Lovitt & Touché CEO since 1998, will lead its operations in Arizona, where the firm will operate as Lovitt & Touché, a Marsh & McLennan Agency LLC Company, the statement said.
Lovitt & Touché is the 77th-largest broker of U.S. business, with 2017 U.S. brokerage revenue of $39,932,277, according to Business Insurance’s latest ranking.
Marsh & McLennan Agency’s ultimate parent, Marsh & McLennan Cos. Inc., is the world’s largest insurance brokerage, according to the ranking.
Marsh & McLennan Agency L.L.C., the middle-market agency subsidiary of Marsh L.L.C., said Thursday it has acquired Highsmith Insurance, a Raleigh, North Carolina-based brokerage firm for an undisclosed sum.