Marsh McLennan Agency acquires Florida-based Excel Insurance

MEDLEY, Fla. - Marsh McLennan Agency (MMA), a business of Marsh McLennan (NYSE:MMC), a $107 billion market cap insurance industry leader, announced Wednesday it has acquired Excel Insurance, an independent agency based in Medley, Florida. Financial terms of the transaction were not disclosed.

Founded in 2020, Excel Insurance specializes in providing property and casualty insurance solutions to small businesses and individuals in South Florida, with particular focus on watercraft and motor vehicle protection services.

As part of the acquisition, all Excel employees, including President Jacob Pared, will join MMA’s existing office in Doral, Florida.

"I am proud of the growth Excel has achieved in just five years," said Pared in a statement included in the press release. "Joining MMA is the next step in our mission to deliver clients the solutions they need to thrive."

Doug Bishop, CEO of MMA’s Florida region, stated that acquiring Excel Insurance enhances the company’s commitment to serving clients in South Florida.

MMA, a subsidiary of Marsh McLennan (NYSE:MMC), provides business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across the United States and Canada.

The acquisition represents another expansion move for MMA as it continues to strengthen its presence in regional markets across North America, according to the company’s announcement. InvestingPro analysis shows MMC trading near its 52-week low, with multiple additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of MMC’s financial health and growth prospects.

In other recent news, Marsh McLennan reported its first-quarter 2025 financial results, showing an adjusted earnings per share (EPS) of $3.06, which surpassed analyst expectations of $3.03. However, the company’s revenue of $7.06 billion fell slightly short of the anticipated $7.09 billion. Despite the positive earnings surprise, the revenue miss has raised some concerns among investors. Marsh McLennan also highlighted its continued focus on innovation with the launch of an AI-powered platform. Additionally, Oliver Wyman, a Marsh McLennan business, announced its agreement to acquire Validate Health, a healthcare analytics firm, aiming to enhance its capabilities in analytics and technology solutions. This acquisition is expected to close this summer, although financial terms have not been disclosed. Meanwhile, the company completed a $300 million stock repurchase during the first quarter, indicating a strategic focus on capital management. Marsh McLennan anticipates mid-single-digit underlying revenue growth for the remainder of 2025, despite ongoing global trade uncertainties.

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