Marsh & McLennan Agency acquires The Benefit Planning Group

New York, NY   |   Thursday, 08 January 2015

Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh, a global leader in insurance broking and risk management, today announced that it has acquired The Benefit Planning Group, Inc., a Durham, North Carolina-based employee benefit consulting firm.

Founded in 1991, The Benefit Planning Group (BPG) specializes in providing employee benefits and insurance services to the health care community, including medical schools, physicians, and medical practices. All 14 of the firm’s employees, including founder Mike Waters, will join MMA’s mid-Atlantic region and continue to operate out of BPG's existing Durham, North Carolina, office.

“We are excited to have Mike and his team join the mid-Atlantic region of MMA. BPG brings a diverse skill set in a segment of the market that has the potential for tremendous growth,” said Thomas R. Brown, vice chairman of MMA’s mid-Atlantic region.

BPG’s Mr. Waters commented: “The opportunity to more broadly distribute our proprietary benefits offerings, while also expanding our services to clients through MMA’s resources, makes this a winning strategy for everyone.”

David Eslick, chairman and CEO of Marsh & McLennan Agency, added: “The Benefit Planning Group is another great example of the high-quality, local talent and expertise we are adding to MMA. I welcome Mike Waters and the rest of the team to the MMA family.”

About Marsh

Marsh is the world’s leading insurance broker and risk advisor. With around 40,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services.  Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue over $17 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses:. Marsh, Guy Carpenter, Mercer  and Oliver Wyman.  For more information, visit mmc.com, follow us on LinkedIn and Twitter or subscribe to BRINK.