Workflow
Insurance and advisory services
icon
Search documents
Marsh & McLennan Broadens Footprint in Nashville With Robins Deal
ZACKSยท 2025-09-03 17:41
Core Insights - Marsh & McLennan Agency (MMA) has acquired Robins Insurance, an independent insurance agency in Nashville, TN, which specializes in business and personal insurance services [1][9] - The acquisition aims to leverage Robins' local expertise alongside MMA's extensive resources to enhance insurance and advisory services [2][3] - This strategic move reflects MMA's focus on regional growth opportunities, particularly in Nashville's expanding commercial real estate and hospitality sectors [3] Financial Performance - Marsh & McLennan's total revenues increased by 10% and 8% year over year in 2023 and 2024, respectively, with an 11% year-over-year growth in the first half of 2025 [4] - Revenues from the Marsh division rose by 16% year over year in the first half of 2025 [4][9] Strategic Initiatives - The company has been actively pursuing strategic acquisitions, new product launches, and diversification into emerging markets, with notable acquisitions in 2025 including Acumen Solutions Group LLC, Arthur Hall Insurance, and Excel Insurance [5] - Retaining Robins' team is expected to help maintain client trust and community connections, which is crucial for the success of the acquisition [2][3] Market Position - Year-to-date, Marsh & McLennan shares have declined by 3.2%, outperforming the industry average decline of 14.2% [6]