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Marsh McLennan Agency buys Hayden Wood Insurance in US
Yahoo Financeยท 2025-11-04 09:59
Core Insights - Marsh McLennan Agency (MMA) has acquired Hayden Wood Insurance Agency, an independent insurance company based in Massachusetts, enhancing its capabilities in personal lines insurance [1][2] - The financial details of the acquisition have not been disclosed, but the integration will allow MMA to leverage Hayden Wood's expertise in collector automobile and motorsports insurance [1][3] - All employees, including president Morgan Duffy, will remain with MMA and continue operations from their current location, indicating a smooth transition and retention of talent [2] Company Overview - Hayden Wood Insurance Agency, established in 1946, specializes in personal lines insurance and has a strong reputation in the collector automobile and motorsports sectors [1][3] - MMA has a broad service offering across the US and Canada, including business insurance, employee health and benefits, retirement and wealth planning, and private client insurance [4] Strategic Implications - The acquisition is expected to enhance MMA's ability to meet the unique needs of high-net-worth clients, particularly in protecting specialized assets [2][3] - MMA's CEO of Private Client Services emphasized the importance of tailored solutions for clients, which will be bolstered by Hayden Wood's expertise [2]