New York-based Marsh McLennan Agency, a business providing business insurance, employee health & benefits, retirement, and private client insurance solutions to organizations and individuals, recently purchased Philadelphia-based Graham Company, a leading risk management consultancy for an undisclosed amount.
“This acquisition is an investment in the long-term success of our people and valued clients,” Ken Ewell, Graham president and Chief Operating Officer, said. “Our partnership will maintain Graham’s culture and values while advancing our employees’ careers and enhancing our work with clients through access to new technologies and solutions.”
Graham Company is an insurance and employee benefits broker specializing in providing business insurance, employee benefits, and surety brokerage services to companies in high-risk industries. Its 215 Graham employees will become part of Marsh McLennan Agency and continue to work from the company’s offices in Philadelphia and New York City.
“In Marsh McLennan Agency, we’ve found a partner that shares our entrepreneurial spirit and is equally committed to unparalleled client service, integrity and innovation,” Bill Graham, Graham chairman, said.
Marsh McLennan Agency is a subsidiary of Marsh, an insurance broker and risk adviser. Marsh McLennan Agency has 10,000 colleagues and 170 offices throughout North America.
Marsh has more than 45,000 employees in 130 countries.