Marsh & McLennan Agency (MMA) has acquired Schaumburg, Illinois-based Assurance Holdings.
Assurance will operate as the midwest regional headquarters for MMA under the leadership of Anthony Chimino, CEO of Assurance. Chimino will report to David Eslick, chairman and CEO of MMA.
Additionally, Assurance’s 525 colleagues will join MMA and continue to work out of the firm’s Schaumburg and Chicago offices in Illinois.
Commenting on the acquisition, John Doyle, president and CEO of Marsh, said: “Assurance is another example of our continued ability to attract the highest quality teams to join MMA and enhance our ability to serve clients in this important segment.”
Chimino said: “By joining MMA, we have the opportunity to provide innovative resources and solutions for our clients, as well as new growth opportunities for our colleagues. Equally important, MMA shares our passion for building and maintaining an award-winning workplace culture. My team is excited to play a role in the ongoing growth of this dynamic national firm.”
The terms of the acquisition were not disclosed.
