Marsh McLennan Agency said it completed its purchase of Fisher Brown Bottrell Insurance, Inc. from Trustmark National Bank for about $316 million.
The subsidiary of Marsh said all Jackson, Mississippi-based Fisher Brown Bottrell employees will join Marsh McLennan Agency and continue working from their existing 10 locations. With the acquisition, MMA said it gained a strong presence in Mississippi and strengthened its established footprint throughout Alabama and Florida.
The M&A agreement was announced in April.
Fisher Brown Bottrell, founded in 1936, is one of the five largest bank-affiliated insurance agencies in the country. It specializes in providing commercial property/casualty insurance, surety, and employee benefits services to businesses and individuals across the Southeast.
Fisher Brown Bottrell was named one of Insurance Journal‘s Best Independent Insurance Agencies to Work For in 2020.
Topics
Mergers & Acquisitions
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