Middle-market Marsh subsidiary, Marsh McClennan Agency (MMA), has acquired Vaaler Insurance to expand its presence in the midwest of the US.
Vaaler is an independent agency that provides business and personal insurance, as well as employee health and benefits, specialising in the construction, education and healthcare sectors.
The insurance agency also develops alternative risk financing solutions, including self insurance, captives, risk purchasing groups and dividend programmes (particularly for healthcare and medical professional liability coverage), as well as self-funded workers’ compensation programmes.
CEO Bruce Vaaler explains: “As risk continues to evolve, so does the need to provide sophisticated solutions and expertise to our clients. Joining MMA gives us the added strength and resources that will allow us to both support our clients and provide growth opportunities for our colleagues well into the future.”
Timothy Fleming, CEO of MMA’s upper midwest region, adds: “Over 70 years, the Vaaler team have built a regional agency recognised for their commitment to delivering exceptional client service and innovative insurance solutions. Today, we are excited to welcome Bruce and his colleagues to our growing MMA family.”
