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, the small and midsized brokerage unit of Marsh LLC, said Wednesday it has bought HMS Insurance Associates Inc., a Hunt Valley, Maryland-based agency with about $50 million in annual revenue.
Terms of the deal were not disclosed.
All of HMS’ more than 120 staff, including President Gary L. Berger, will join MMA, a Marsh statement said.
HMS is the 72nd largest broker of U.S. business, according to Business Insurance’s most recent ranking. Commercial retail business accounts for about 80% of its revenue, employee benefits about 10% and personal lines about 4%.