Marsh & McLennan Agency Acquires Protector Group

  Marsh & McLennan Agency Acquires Protector Group

           Massachusetts Agency Doubles Size of New England Region

Business Wire

WHITE PLAINS, N.Y. -- November 08, 2012

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh
Inc., today announced that it has acquired Worcester, Massachusetts-based The
Protector Group Insurance Agency, Inc., one of the largest independent
agencies in New England. Terms of the transaction were not disclosed.

Founded in 1928, Protector Group offers a wide range of property/casualty
insurance, employee benefits services, personal insurance, and individual
financial services to midsize companies and individuals in New England. The
agency generates approximately $13.6 million in annual revenues and has 84
employees operating out of three offices in Massachusetts: Worcester,
Leominster, and Wellesley.

Protector Group will operate out of MMA’s New England hub, further expanding
the region’s employee benefit capabilities and adding new property/casualty
insurance resources. All of the agency’s leadership and employees, including
Bob Vaudreuil and Jack Cahill, will join MMA and continue to operate out of
Protector Group’s existing offices.

“Protector Group’s strong regional presence, top-notch leadership, and blend
of property/casualty and employee benefits make it a perfect fit for MMA in
New England,” said Jim Blue, CEO of MMA’s New England region. “With the
addition of Protector Group we double the size of the region and further
enhance our ability to offer property/casualty and employee benefit
capabilities to our clients.”

“Joining MMA represents an exciting opportunity for all of the members of our
firm to build upon the strong foundation we have built over the last 84
years,” said Mr. Vaudreuil, Protector Group president and CEO. “Together, MMA
and Protector Group will be able to offer greater resources to our clients to
address their increasingly complex needs.”

Commenting on the transaction, David Eslick, chairman and CEO of Marsh &
McLennan Agency, said: “I’m delighted to welcome Bob, Jack and the rest of the
Protector Group team to MMA as we continue to build what is quickly becoming
one of the nation’s preeminent insurance organizations serving the needs of
the middle market.”

Protector Group is the 24^th acquisition Marsh & McLennan Agency has completed
since it began to build its national platform in November 2009. MMA currently
generates approximately $410 million in annualized revenue.

About Marsh & McLennan Agency

Marsh & McLennan Agency LLC, a subsidiary of Marsh, was established in 2008 to
meet the needs of midsize businesses in the US. MMA operates autonomously from
Marsh to offer commercial property, casualty, personal lines, and employee
benefits to clients across the US.

About Marsh

Marsh, a global leader in insurance broking and risk management, teams with
its clients to define, design, and deliver innovative industry-specific
solutions that help them protect their future and thrive. It has approximately
26,000 colleagues who collaborate to provide advice and transactional
capabilities to clients in over 100 countries. Marsh is a wholly owned
subsidiary of Marsh & McLennan Companies (NYSE:MMC), a global team of
professional services companies offering clients advice and solutions in the
areas of risk, strategy and human capital. With 53,000 employees worldwide and
annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the
parent company of Guy Carpenter, a global leader in providing risk and
reinsurance intermediary services; Mercer, a global leader inhuman resource
consulting and related services; and Oliver Wyman, a global leader in
management consulting. Follow Marsh on Twitter @Marsh_Inc.

Contact:

Marsh
Sally Roberts, 303-952-9453
sally.roberts@marsh.com
or
MMA-New England
Megan Toohey, 617-587-2393
megan.toohey@mma-newengland.com
 
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