New York City-based March & McLennan Agency, a Marsh & McLennan Companies’ subsidiary focused on serving the insurance needs of mid-sized businesses, has acquired Paramus, NJ-based The NIA Group (NIA) and its New York City office, Kornreich-NIA (K-NIA). NIA’s 400 employees generate about $62 million in annual revenue offering property and casualty insurance, employee benefits, personal insurance and life insurance/estate planning from offices in New Jersey, New York, Connecticut and Florida. Marsh & McLennan Agency Chairman and CEO David Eslick said, “The addition of The NIA Group and Kornreich-NIA to our firm gives us a strong operation in the New York City metropolitan area and Florida.” The acquisition fits with Marsh & McLennan Agency’s plan to acquire similar agencies focused on mid-sized companies across the country.
Tuesday, December 29, 2009
MARSH & MCLENNAN AGENCY EXPANDS REACH WITH NIA GROUP ACQUISITION
New York City-based March & McLennan Agency, a Marsh & McLennan Companies’ subsidiary focused on serving the insurance needs of mid-sized businesses, has acquired Paramus, NJ-based The NIA Group (NIA) and its New York City office, Kornreich-NIA (K-NIA). NIA’s 400 employees generate about $62 million in annual revenue offering property and casualty insurance, employee benefits, personal insurance and life insurance/estate planning from offices in New Jersey, New York, Connecticut and Florida. Marsh & McLennan Agency Chairman and CEO David Eslick said, “The addition of The NIA Group and Kornreich-NIA to our firm gives us a strong operation in the New York City metropolitan area and Florida.” The acquisition fits with Marsh & McLennan Agency’s plan to acquire similar agencies focused on mid-sized companies across the country.
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