Marsh & McLennan Agency LLC has acquired Phoenix, Ariz.-based Lovitt & Touché.
Terms of the deal were not disclosed.
Charlie Touché, Lovitt & Touché CEO since 1998, will lead MMA’s operations in Arizona and the firm will operate as Lovitt & Touché, a Marsh & McLennan Agency LLC company. Following the transaction, Lovitt & Touché will add 181 colleagues to MMA from their Phoenix, Tucson, and Las Vegas, Nevada offices.
Lovitt & Touché provides commercial property/casualty, personal lines, and employee health and benefits solutions.
Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines and employee benefits.
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
