Marsh McLennan Agency, a subsidiary of Marsh, announced Aug. 1 the acquisition of Graham Company, a leading risk management consultancy and one of the top independent insurance and employee benefits brokers in the U.S.
Terms of the acquisition were not disclosed.
Founded in 1960, Graham Company specializes in providing business insurance, employee benefits, and surety brokerage services to companies in a range of high-risk industries, including construction, real estate, manufacturing and distribution, health and human services, and professional services.
Graham Company ranked No. 40 in Insurance Journal’s 2022 Top Property/Casualty Agencies.
All 215 Graham employees, including Ken Ewell, president and chief operating officer, and Bill Graham, chairman, will join Marsh McLennan Agency and continue to work from the Graham’s offices in Philadelphia and New York City.
“Ken and the Graham team will provide significant business insurance expertise for our clients in the East region, adding to our deep knowledge of the employee health and benefits space,” said Andrew Neary, CEO of Marsh McLennan Agency’s East region. “We look forward to enhancing the conversations we have with clients about how to maximize efficiencies in their business and realize their ambitious growth strategies.”
Mergers & Acquisitions
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Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.