Marsh McLennan Agency, a subsidiary of Marsh, has announced the acquisition of Focus Insurance, a personal insurance brokerage firm based in Houston, Texas.
All Focus employees, including Vice President at Focus Mickie Comiskey, will be joining Marsh McLennan Agency (MMA).
Comiskey said, “Joining MMA is an opportunity for us to deliver even more comprehensive programs for clients by tapping into the resources made available through MMA’s private client group. We are thrilled to see our colleagues grow as part of the MMA team and bring our capabilities to the next level.”
Bill Henry, CEO of MMA’s Southwest region, commented, “Focus Insurance puts individuals and families first, with a keen eye to customised solutions that protect their client’s interests and assets.”
“We are pleased to welcome Focus to MMA as we see continued growth and expansion in the region.”
Marsh McLennan recently reported a solid set of results for the third quarter of 2022, supported by underlying revenue growth of 7% at its reinsurance arm, Guy Carpenter.
Across the business, Marsh McLennan consolidated revenue in Q3 2022 increased by 4%, or 8% on an underlying basis to $4.8 billion, when compared with the prior year period.
Operating income also increased in the period, year-on-year, by 7% to $791 million, as adjusted operating income jumped by 12% to $851 million in the quarter.
All in all, net income attributable to the firm was $546 million in Q3 2022, compared with $537 million a year earlier.
