Marsh McLennan Agency (MMA), a subsidiary of US-based insurance broker and risk advisor Marsh, has purchased two insurance companies in the US.  

These are Red Bank, New Jersey-based Hudson Shore Group and AmeriStar Agency, which is based in Wayzata, Minnesota. 

Set up in 2010, the Hudson Shore Group caters to public sector clients and brings expertise in large-group and alternative-funded benefits programmes. 

It provides employee benefits, consulting and administrative services. 

Marsh McLennan Agency Northeast region CEO Jerry Alderman said: “The Hudson Shore Group team is known for developing and managing comprehensive employee benefits solutions that mitigate the rising costs of healthcare for local school districts and municipalities as well as for small and midsize businesses.  

“Hudson Shore Group is a well-respected employee benefits broker that will further expand our employee health and benefits programmes, making this the right decision for our clients and our team.” 

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AmeriStar Agency, founded in 1987, offers an array of insurance coverage solutions to commercial and high-net-worth individuals. 

Marsh McLennan Agency Upper Midwest region chairman Timothy Fleming said: “As we continue executing on our growth strategy of finding high-quality agencies that meet our evolving client needs, we look forward to working with the AmeriStar team to offer deeper risk management expertise and solutions for businesses and individuals.” 

As per the agreement, all Hudson Shore Group and AmeriStar Agency employees will continue operating out of their offices in Red Bank and Wayzata, respectively.  

Financial terms of both the transactions remain undisclosed.  

These deals follow MMA’s expansion through the acquisition of Perkins Insurance Agencies.  

Perkins, a West Texas-based agency established in 1977, offers specialised services in sectors such as trucking, oil and gas, and the restaurant industry.