Ohio Firm Adds Employee Benefits Expertise to MMA’s Midwest Region
White Plains, New York, November 30, 2016 – Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced that it has acquired Benefits Resource Group (BRG), an Independence, Ohio-based employee benefits consulting firm. Terms of the transaction were not disclosed.
With roots dating back to 1974, Benefits Resource Group offers a wide range of employee benefit products and services, including life and disability insurance to midsize employers in Ohio. All of Benefits Resource Group’s employees will join MMA’s Midwest region and will continue to operate out of the firm’s existing office under the leadership of its CEO, Charles Farro, and President, Ross Farro.
Commenting on the transaction, MMA-Midwest President and CEO, Jeff Lightner, said, “Benefits Resource Group’s talented and experienced employee benefits professionals are a welcome addition to MMA’s Midwest region. With Benefits Resource Group we enhance our employee benefits presence and leadership in the Ohio market.”
Mr. Ross Farro added, “Today’s complex business environment requires a trusted benefits advisor that can creatively solve the myriad of challenges facing employers. By joining MMA, we maintain the same high-quality service and care our clients have come to expect, while being able to offer a broader array of capabilities and resources through MMA.”
About Marsh & McLennan Agency – Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. In 2015, it expanded its national footprint into Canada. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.
About Marsh – Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 30,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With annual revenue of US$13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting. Follow Marsh on Twitter, @MarshGlobal; LinkedIn; Facebook; and YouTube.