The White Plains-based Marsh McLennan Agency (MMA), a subsidiary of Marsh, has acquired HMS Insurance Associates Inc., an independent agency serving the Mid-Atlantic region. The terms of the acquisition were not disclosed.
Founded in 1943, HMS provides businesses and individuals in the Mid-Atlantic with property/casualty insurance, surety, group captive, and employee benefits. All of HMS”™ more than 120 employees, including President Gary L. Berger, will join MMA and continue to work out of the company”™s headquarters Hunt Valley, Maryland.
“The MMA goal has always been to partner with the best firms and together build a unique experience for colleagues and clients,” said John Stanchina, CEO of MMA”™s Mid-Atlantic region. “With exceptional leadership, client satisfaction, long-term client retention, and decades of profitable growth, we are delighted to bring the HMS team on board.”
