Marsh & McLennan Agency (MMA), the middle-market agency subsidiary of Marsh, has announced the acquisition of INSPRO, a full-service independent agency based in Nebraska. Terms of the transaction were not disclosed.
INSPRO provides business insurance, employee benefits, and personal lines insurance services to individuals, families, and small and mid-sized businesses. The company’s 138 employees will join MMA and continue to work out of INSPRO’s Lincoln, Neb., home office, and its additional locations in Fremont, Wahoo, and West Point, Neb., and West Des Moines, Iowa. Randall Eikmeier, chairman and CEO of INSPRO, will lead the local offices along with President Samuel Gifford and COO Jeffrey Jorgenson.
Read more: Marsh & McLennan Agency snaps up firm
The acquisition is MMA’s first in Nebraska and Iowa.
“As MMA continues to expand our reach across the US, we are fortunate to welcome INSPRO, a regional leader with a rich history of providing value-added services to companies of all sizes,” said David Eslick, CEO of MMA. “Their dedication to client service and strong corporate culture make the INSPRO team a natural fit for MMA. We are excited to have them on board.”
“Nebraska and the surrounding area have seen consistent growth in recent years, and the INSPRO team has continued to develop services and expertise to serve the market’s growing needs,” said Timothy Fleming, CEO of MMA’s Upper Midwest region. “We look forward to working with INSPRO to bring even more innovative solutions to the region.”
“For decades, INSPRO has been committed to investing in services and solutions that benefit our clients and their businesses,” Eikmeier said. “By joining MMA, we will have access to even more cutting-edge solutions and services, while also providing our colleagues more opportunities to learn and grow. We see this transition as an important next chapter in the continuing evolution of our firm.”