Marsh McLennan Agency Completes Acquisition of Querbes & Nelson and Louisiana Companies

Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced that it has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies.

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Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Friday, March 1, 2024
Information
Tags: 
Professional Services, Insurance, Finance, MMA, Health, Transport
Geotags: 
UNITED STATES, NORTH AMERICA, NEW YORK, LOUISIANA
⚠ generated by AI ↴
Organisation: 
MARSH MCLENNAN AGENCY, MARSH
Stock Symbol: 
NYSE:MMC
Summary
Key Points: 
  • Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced that it has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies.
  • With the closing of these acquisitions, MMA has doubled its presence in Louisiana.
  • Kevin Briggs is now CEO of Louisiana Companies and Q&N, Mike Belanger is now President and Chief Sales Officer of Q&N, and Ryan Allen is now President and Chief Sales Officer of Louisiana Companies.
  • George Nelson remains with both companies serving as a senior advisor.


Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced that it has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. Terms of the transactions were not disclosed.

With the closing of these acquisitions, MMA has doubled its presence in Louisiana. Kevin Briggs is now CEO of Louisiana Companies and Q&N, Mike Belanger is now President and Chief Sales Officer of Q&N, and Ryan Allen is now President and Chief Sales Officer of Louisiana Companies. George Nelson remains with both companies serving as a senior advisor.

Based in Shreveport, Q&N was founded in 1914 and offers business insurance, employee benefits, and alternative risk financing consulting to a variety of businesses with specific expertise in energy services, commercial contractors, and transportation.

Based in Baton Rouge, Louisiana Companies was founded in 1890 and provides business and personal lines insurance to businesses and individuals with specific expertise serving the construction, manufacturing, distributor, healthcare, and hospitality industries.

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 over 45,000 colleagues operating in more than 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 over $20 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 mmc.com, follow us on LinkedIn and Twitter or subscribe to BRINK.

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