Marsh & McLennan Agency LLC (MMA) has acquired Lovitt & Touché, a Phoenix-headquartered insurance agency focused on Arizona and the Western states. Terms of the transaction were not disclosed.
The acquired firm, which was founded in 1911, will operate as Lovitt & Touché, a Marsh & McLennan Agency LLC company, and Charlie Touché, who has been the company’s CEO since 1998, will lead operations in Arizona. Lovitt & Touché employs 181 individuals with offices in Phoenix, Tucson and Las Vegas.
“Arizona is a thriving marketplace for businesses of all sizes, and we are proud to welcome Lovitt & Touché as we expand our national footprint,” said David Eslick, CEO of the White Plains-based MMA.