Marsh McLennan Agency acquires Fisher Brown Bottrell Insurance from Trustmark for $345m in Q2 2024.
Marsh & McLennan's subsidiary, Marsh McLennan Agency (MMC), agreed to acquire Fisher Brown Bottrell Insurance (FBBI) from Trustmark National Bank for $345m in cash, expected to close in Q2 2024. FBBI, a top US bank-affiliated insurance agency, operates in MS, AL, and FL, and its team will join MMC. Trustmark plans to use the after-tax proceeds for balance sheet repositioning and profitability enhancement.
April 23, 2024
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