Marsh McLennan Acquires McGriff Insurance Services

September 30, 2024

Marsh McLennan (through its Marsh McLennan Agency business) has acquired McGriff Insurance Services, LLC for $7.75 billion in cash, a deal that strengthens Marsh McLennan Agency’s capabilities across commercial property & casualty, employee benefits, management liability and personal lines. McGriff—an affiliate of TIH—reported roughly $1.3 billion of trailing twelve-month revenue and will bring more than 3,500 employees into Marsh McLennan; the transaction closed following customary regulatory approvals.

Buyers
Marsh McLennan
Targets
McGriff Insurance Services, LLC
Sellers
TIH, LLC
Industry
Insurance
Location
North Carolina, United States
Transaction Type
Buyout

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