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Marsh & McLennan Agency (MMA) LLC has acquired a Rockville, Md.-based insurance agency specializing in construction.
MMA is the middle market agency subsidiary of Marsh.
Terms of the transaction were not disclosed.
Founded in 1956, Insurance Associates provides commercial property/casualty insurance, surety, and employee health and benefits solutions to clients throughout the Mid-Atlantic.
It operates out of four offices in Rockville; Laurel, Md.; Towson, Md.; and Fairfax. The agency’s 59 employees will join MMA and continue to work out of their current locations.
