Marsh & McLennan Agency acquires Celedinas Insurance Group

White Plains, NY   |   Mittwoch, 02 März 2016

Florida firm expands MMA’s private client capabilities

Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced it has acquired Celedinas Insurance Group, one of Florida’s largest independent agencies. Terms of the transaction were not disclosed.

Established in 1959 and headquartered in Palm Beach Gardens, Florida, Celedinas generates approximately $22 million in annual revenue and specializes in providing property/casualty insurance, marine insurance, and employee benefits services to businesses and individuals, with particular expertise in working with high-net-worth individuals and families.

All of Celedinas’ 120 employees and leadership, including President and CEO Ray Celedinas, are joining MMA and will continue to operate out of their existing five offices throughout Florida under the name Celedinas Insurance Group, a Marsh & McLennan Agency company, and under Mr. Celedinas’ leadership. In connection with this acquisition, Mr. Celedinas also has been named National Private Client Practice leader for MMA.

“Celedinas is a top-notch, full service insurance brokerage firm that is widely recognized as a leader in the high-net worth personal lines industry,” said David Eslick, chairman and CEO of Marsh & McLennan Agency. “I am thrilled that we are joining forces and look forward to Ray and his team helping to drive forward MMA’s private client strategy nationally.”

“Joining MMA is an excellent opportunity for Celedinas to build upon its success over the last five decades,” said Mr. Celedinas. “With the resources that MMA and Marsh bring to bear, our clients now have access to a wider range of expertise, services, and solutions to address their needs.”

Marsh President and CEO Peter Zaffino added: “MMA’s addition of Celedinas enhances our capabilities in high-net-worth personal lines and will allow us to accelerate revenue growth in this important segment. Ray Celedinas is a highly respected leader, and we are very pleased to welcome an accomplished executive of his caliber and experience to MMA’s leadership team.”

Über Marsh

Marsh ist der weltweit führende Industrieversicherungsmakler und Risikoberater. Unsere rund 35.000 Mitarbeiter helfen mittelständischen Unternehmen und Konzernen aller Branchen in mehr als 130 Ländern mit innovativen Absicherungslösungen und Beratungsleistungen ihre Risiken erfolgreich zu managen. Für die Marsh GmbH sind in Deutschland über 700 Mitarbeiter an den Standorten Baden-Baden, Berlin, Detmold, Düsseldorf, Frankfurt, Hamburg, Leipzig, München, Saarbrücken, Stuttgart und Ulm tätig. 

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