Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Otis-Magie Insurance Agency Inc., a privately owned independent agency headquartered in Duluth, Minnesota.
Terms of the transaction were not disclosed.
With its origins dating back to 1886, Otis-Magie offers business insurance, employee rights and personal insurance products and services to customers in the northern Minnesota region.
Otis-Magie’s 46 employees will continue to use their current position under the name Otis-Magie, Marsh & McLennan Agency LLC. Tom Stender, the chairman and CEO of Otis-Magie since 2011, will continue to lead the operation.
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