Transaction

I am thrilled to announce that Bostonian Group has been acquired by Marsh & McLennan Agency LLC (MMA), a subsidiary of Marsh Inc., the world’s leading insurance broker and risk advisor. Bostonian Group will become MMA’s platform company for benefits (employee benefits, retirement services, executive compensation) and commercial property and casualty in New England. 

 
This affiliation will strengthen the breadth and depth of our service offerings, such as enabling us access to valuable market research, benchmarking reports and technology, as well as additional purchasing power around professional services (e.g. actuarial, ERISA, and compliance). 
 
We view this relationship as one between two strong organizations that are both committed to positively impacting our clients, our employees and our overall market position in the industry. This affiliation allows us to add the scale necessary to assume a leadership position in our core markets for years to come. It also provides a near-term opportunity to build upon the strong foundation we have created in the property and casualty space, significantly broadening our resources and capabilities in this area.
 
MMA was established in 2008 to meet the needs of mid-sized businesses. We are proud to say because of the relationships we’ve established with our clients, MMA selected Bostonian Group to complement its growing portfolio of other high-quality regional companies including Haake Companies, one of the largest independent agencies in the Midwest; the NIA Group, LLC, one of the largest independent insurance agencies in the New York metropolitan area; Insurance Alliance, one of the largest independent insurance agencies in the Southwest; and Thomas Rutherfoord, Inc., one of the largest insurance brokers in U.S. based in Roanoke, VA.
 
Please feel free to contact me with any questions about this exciting new chapter for our clients and Bostonian Group.
 
Sincerely,