Marsh & McLennan Agency Acquires Strategic Employee Benefits Services of San Diego
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WHITE PLAINS, NY, June 6, 2018 - Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, announced today that it has acquired Strategic Employee Benefits Services of San Diego (SEBS). Terms of the transaction were not disclosed.
SEBS provides employee benefits solutions and services to small and midsize employers in San Diego. All of SEBS’ employees are joining MMA and will operate out of MMA’s existing La Jolla-University Town Center office.
“We are delighted to welcome Chuck Mune and his team to MMA. Their dedication to delivering an exceptional customer experience makes them a perfect fit for MMA,” said MMA’s West regional CEO, Paul Hering. “The SEBS team brings decades of industry experience that will further enhance the services and solutions of our San Diego employee benefits department.”
“Joining MMA will give our clients access to a broader array of innovative employee benefits solutions and in-house resources aimed at helping employers recruit and retain talent in this competitive jobs market,” said Mr. Mune, SEBS’ Vice President.
About Marsh & McLennan Agency
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
A global leader in insurance broking and innovative risk management solutions, Marsh’s 30,000 colleagues advise individual and commercial clients of all sizes in over 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$14 billion and nearly 65,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms. In addition to Marsh, MMC is the parent company of Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.