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TheStreet Open House

Marsh & McLennan Agency Acquires Senn Dunn Insurance

Stocks in this article: MMC

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh LLC, today announced that it has acquired Senn Dunn Insurance, the largest independent insurance agency in North Carolina. Terms of the transaction were not disclosed.

Founded in 1927, Senn Dunn has annual revenue of approximately $30 million and 155 employees. Headquartered in Greensboro, North Carolina, Senn Dunn provides a wide- range of property/casualty insurance and employee benefit services to individuals and businesses throughout the US. The firm has specific expertise in the construction, education, environmental, social services, and financial services industries.

All of Senn Dunn’s employees and leadership, including CEO T. Gray McCaskill, will join MMA’s mid-Atlantic region and continue to operate out of their five existing offices in North Carolina: Greensboro, Raleigh, Charlotte, High Point, and Wilmington.

Commenting on the acquisition, Thomas R. Brown, vice chairman of MMA’s mid-Atlantic region, said: “Senn Dunn’s exemplary leadership, staff, and reputation for being a client-focused organization with strong community ties make it an excellent addition to MMA’s mid-Atlantic region. Together, we will be the preeminent risk management firm in the state offering clients a vast array of property/casualty and employee benefit services.”

“We are excited to begin a new chapter with the MMA team,” said Senn Dunn’s Mr. McCaskill. “This transition is an excellent opportunity to expand our reach, ensuring new opportunities for our associates and more resources for our clients. Senn Dunn’s commitment to our clients, our associates, and to our communities will remain the foundation for all we do as we continue to provide our clients with the world-class service and expertise they’ve come to expect.”

David Eslick, chairman and CEO of Marsh & McLennan Agency, added: “Senn Dunn is another great addition to the growing MMA family. I welcome Gray McCaskill and the rest of the Senn Dunn team to MMA and look forward to further growing our presence in the Carolinas.”

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