Marsh Mclennan Agency acquires Vaaler Insurance, Inc.
Marsh’s mid-market specialist subsidiary Marsh McLennan Agency (MMA) is acquiring Vaaler Insurance, one of the largest independent agencies in North Dakota, it has announced.
Founded in 1947, family-owned Vaaler provides business insurance, employee health and benefits, and personal lines and specializes in construction, education and healthcare industries. With 81 employees, it has offices in Grand Forks, Fargo, Bismarck, and Fosston. Vaaler CEO Bruce Vaaler will continue to lead operations.
Terms of the acquisition were not disclosed.
The acquisition significantly strengthens Marsh’s presence in the Upper Midwest.
Timothy Fleming, CEO of MMA business in the region, said: “Over 70 years, the Vaaler team have built a regional agency recognized for their commitment to delivering exceptional client service and innovative insurance solutions. Today, we’re excited to welcome Bruce and his colleagues to our growing MMA family.”
Vaaler CEO, Bruce Vaaler will continue to lead operations for the busienss. He said: “As risk continues to evolve, so does the need to provide sophisticated solutions and expertise to our clients. Joining MMA gives us the added strength and resources that will allow us to both support our clients and provide growth opportunities for our colleagues well into the future.”
With 8,000 colleagues and 160 offices across North America, Marsh McLennan Agency provides business insurance, employee health and benefits, retirement, and private client insurance solutions to organizations and individuals.
MMA has 8,000 staff and 160 offices across North America. It provides business insurance, employee health and benefits, retirement, and private client insurance.