Marsh McLennan Agency acquires AC Risk Management
May 02 2024 - 8:00AM
Business Wire
Marsh McLennan Agency, a subsidiary of Marsh, today announced
the acquisition of AC Risk Management (ACRM), an independent
commercial lines brokerage based in Melville, New York. Terms of
the acquisition were not disclosed.
Founded in 2012, ACRM primarily offers property/casualty
insurance to businesses in the region, with a particular focus on
the construction industry. All ACRM employees, including CEO Matt
Avellino, will continue working out of their existing Melville
office.
“With their commercial line expertise and construction industry
specialization, the ACRM team will be a great addition to Marsh
McLennan Agency,” said Jerry Alderman, CEO of Marsh McLennan
Agency’s Northeast region. “We are looking forward to this
opportunity to work with businesses in the Long Island community
and help them address their constantly evolving risk mitigation
needs.”
Mr. Avellino added: “We have always been committed to helping
clients identify their risks and prevent claims before they happen.
As part of Marsh McLennan Agency, our team will gain access to
advanced tools and technologies, enabling them to provide enhanced
solutions for client exposures, in addition to high-quality
professional growth resources.”
About Marsh McLennan Agency
Marsh McLennan Agency provides business insurance, employee
health & benefits, retirement & wealth, and private client
insurance solutions to organizations and individuals seeking
limitless possibilities. With 10,000 colleagues and 180 offices
across North America, Marsh McLennan Agency combines the
personalized service model of a local consultant with the global
resources of the world’s leading professional services firm, Marsh
McLennan (NYSE: MMC).
About Marsh
Marsh is the world’s leading insurance broker and risk advisor.
With more than 45,000 colleagues advising clients in over 130
countries, Marsh serves commercial and individual clients with
data-driven risk solutions and advisory services. Marsh is a
business of Marsh McLennan (NYSE: MMC), the world’s leading
professional services firm in the areas of risk, strategy and
people. With annual revenue of $23 billion, Marsh McLennan helps
clients navigate an increasingly dynamic and complex environment
through four market-leading businesses: Marsh, Guy Carpenter,
Mercer and Oliver Wyman. For more information, visit marsh.com, and
follow us on LinkedIn and X.
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version on businesswire.com: https://www.businesswire.com/news/home/20240502293756/en/
Lexie O’Connor Media Relations +1 857 772 0150
alexandra.oconnor@MarshMMA.com
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