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Marsh McLennan Agency Acquires Robinson & Son

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Key Terms

property/casualty insurance financial
Insurance that protects physical assets (like buildings, vehicles and inventory) and covers legal responsibility for accidents, injuries or damage to others. Think of it as two protections in one: one that pays to repair or replace your property after a loss, and one that pays if you’re found legally responsible for harm to someone else; investors watch premiums, claim costs and reserve levels because they determine how profitable and stable an insurer’s business is.
marine insurance financial
Insurance that protects ships, cargo and related liabilities from loss, damage or legal claims while goods are being transported by sea. Think of it as a homeowner’s or car policy for maritime activity: it shifts the financial hit of accidents, storms, piracy or cargo spoilage from the owner or carrier to the insurer. Investors care because marine insurance affects shipping costs, company balance-sheet risk, and the financial exposure of ports, traders and insurers tied to global trade.

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Marsh McLennan Agency (MMA), a business of Marsh (NYSE:MRSH) and a leading provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across the US and Canada, today announced the acquisition of Robinson & Son, LLC., a Hudson Falls, New York-based agency specializing in the maritime industry. Terms of the acquisition were not disclosed.

Founded in 2005 by James Robinson and his father Peter Robinson, who has since retired, Robinson & Son provides property/casualty insurance solutions to businesses and individuals across the country, with a deep specialization in marine insurance. All employees, including Co-Founder and Agency Principal James Robinson, will join MMA and continue to operate out of their existing office location.

“The Robinson & Son team has not only demonstrated substantial growth but also a passion for the maritime industry, as both James and Peter Robinson began their careers working in the trade,” said Jerry Alderman, CEO of MMA’s Northeast region. “With strong industry ties and deep community connections, Robinson & Son will be a valuable asset for our middle-market clients with maritime operations as we build out our industry practice.”

Mr. Robinson added: “The risks that our clients in the maritime space face today are evolving and becoming more complex than ever before. By joining MMA, we will have access to broader resources that will enhance our client service capabilities and enable us to provide additional solutions for clients, all while maintaining our staff and service that make us who we are.”

About Marsh McLennan Agency

Marsh McLennan Agency is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information about Marsh McLennan Agency, visit marshmma.com, or follow us on LinkedIn and X.

Media contact:

Lexie O’Connor

(857) 772-0150

alexandra.oconnor@marshmma.com

Source: Marsh McLennan Agency

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