Marsh McLennan Agency makes Texas buy

Marsh & McLennan Agency LLC, the middle-market subsidiary of Marsh LLC, said Wednesday it has acquired Irving, Texas-based Southwest Truck Insurance Agency Inc.

Terms of the transaction were not disclosed.

Founded in 1986, Southwest Trust Insurance specializes in coverage for the trucking industry and has expertise in domestic and cross-border trucking operations. It serves policyholders in the U.S. and Mexico.

Southwest Truck Insurance President John Phillips and four staff will all join Marsh McLennan Agency, Marsh said.

Marsh & McLennan Cos. Inc. was the top-ranked broker in Business Insurance’s most recent listing of leading brokers by 2020 brokerage revenue generated by U.S clients.