Marsh & McLennan Agency Acquires Minnesota’s Otis-Magie Insurance Agency


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.

Legal warning !
The information, comments and suggestions there are not covered by investment advice. It is based on the author's personal opinions. These views may not fit your financial situation and risk and return preferences. For this reason, based solely on this information, investment decisions may not have the appropriate consequences for your expectation. Our Site is not responsible for any direct or indirect damages incurred by the investors as a result of the use of the information on the Site, deficiencies in the sources, damages incurred by profit, moral damages, or damage to third parties.