Marsh McLennan Agency (MMA), the US middle market subsidiary of global insurance broker Marsh, has announced the acquisition of CS Insurance Strategies, Inc., a full-service insurance agency based in Chicago.
Terms of the acquisition were not disclosed.
Founded in 2209 by Chief Executive Officer (CEO), Charles Smith, CS Insurance Strategies is a minority-owned brokerage that provides employee health and benefits, business insurance, and risk management consulting services to organizations across the US.
The company has a specialized expertise in municipal, non-profit, and minority-owned businesses.
Tony Chimino, CEO of MMA’s Midwest region, commented: “Over the years, CS Insurance Strategies has grown to be a dynamic and influential organization under Charles’ leadership. The agency’s commitment to helping clients navigate complicated risk and insurance issues very much mirrors our own passion for serving growing businesses. We are looking forward to welcoming the CS team to MMA.”
Smith, added: “This is an exciting next step for CS Insurance Strategies. By joining MMA, our capacity to deliver more competitive strategies and innovative solutions to mid-market clients has increased exponentially. In addition, the growth opportunities for our colleagues and dedication to serving the local community will continue to expand.”
Meanwhile, it was recently announced that MMA had acquired independent agency – Clark Insurance.
