Monday, January 30th, 2023

Marsh McLennan Company acquires Steinberg & Associates

Marsh McLennan Agency acquires Steinberg & Associates

Marsh McLennan Company (MMA) has introduced its acquisition of the Spartanburg, SC-based impartial company Steinberg & Associates, Inc. The phrases of the transaction weren’t disclosed.

Established in 1969, Steinberg & Associates gives worker well being and advantages, property planning, and personal shopper providers to midsize companies and people all through South and North Carolina, in addition to Georgia.

Following the acquisition, Steinberg & Associates president Hank Steinberg and his complete workforce will be part of MMA.

“Hank and his workforce have constructed a client-focused agency dedicated to excellence,” mentioned MMA Mid-Atlantic area CEO John Stanchina. “Their experience expands and enhances our personalised shopper service strategy throughout the area.”

“Becoming a member of MMA is a chance for us to not solely present development alternatives for our colleagues but additionally to higher assist our shoppers by way of the huge sources and progressive options accessible by way of MMA,” mentioned Hank Steinberg. “We’re desperate to carry the very best of MMA to our shoppers and our colleagues.”

Learn extra: Marsh McLennan declares Q2 2022 outcomes

As a wholly-owned subsidiary of Marsh, that is simply the latest in a string of offers by MMA, which additionally reported its acquisition of Clark Insurance coverage, a number one impartial insurance coverage company in Maine, in June; and CS Insurance coverage Methods, a full-service insurance coverage company in Chicago, in July.

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