Marsh McLennan Agency swoops for AmeriStar Agency

Marsh McLennan Agency swoops for AmeriStar Agency | Insurance Business America

Insurance News

Marsh McLennan Agency swoops for AmeriStar Agency

All existing employees will continue to operate out of their Wayzata office

Insurance News

By
Kenneth Araullo

Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced the acquisition of AmeriStar Agency, Inc, an independent agency based in Wayzata, Minn. Terms of the acquisition were not disclosed.

Founded in 1987, AmeriStar offers a range of insurance coverage solutions to high-net-worth individuals and commercial clients. All AmeriStar employees, including president Matt Schadow (pictured above), will join Marsh McLennan Agency and continue to operate out of their current Wayzata office.

Timothy Fleming, chairman of Marsh McLennan Agency’s Upper Midwest region, stated that the acquisition aligns with their growth strategy.

“As we continue executing on our growth strategy of finding high-quality agencies that meet our evolving client needs, we look forward to working with the AmeriStar team to offer deeper risk management expertise and solutions for businesses and individuals,” Fleming said.

“Joining Marsh McLennan Agency is a significant milestone for our team, empowering us to enhance our service offerings and tap into their expertise and resources,” Schadow said. “We are eager to begin delivering clients elevated solutions to their unique exposures in today’s dynamic market.”

In June, Marsh McLennan Agency also announced the acquisition of Perkins Insurance Agencies, an independent agency based in Abilene, Texas.

Founded in 1977, Perkins Insurance provides commercial property and casualty and personal lines coverage to businesses, non-profits, and families in West Texas. The agency has expertise in the oil and gas, trucking, farm and ranch, and restaurant industries.

Meanwhile, in the personnel department, the agency has also announced that Anne Rappa has joined the company as fine arts and specie leader.

What are your thoughts on this story? Please feel free to share your comments below.