Marsh & McLennan Agency Buys Independent Insurance Group Benefits

Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., today announced it has acquired Independent Insurance Group Benefits, Inc., the employee benefits division of Dallas-based Independent Insurance Group. Terms of the deal were not disclosed. Independent Insurance Group Benefits, with annual revenue of approximately $1.4 million, will be folded into Prescott Pailet Benefits, a Marsh & McLennan Agency company, further expanding the firm's depth and expertise in employee benefits. The transaction marks the first complementary acquisition for Prescott Pailet, which MMA acquired in July 2011.