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Marsh & McLennan Agency Acquires Momentous Insurance Brokerage

Published: 2020-01-31 17:00:00 ET

Agency Adds New Capabilities in Entertainment Industry

WHITE PLAINS, N.Y.--(BUSINESS WIRE)-- Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced the acquisition of Los Angeles, California-based Momentous Insurance Brokerage, one of the state’s leading independent insurance agencies. Terms of the acquisition were not disclosed.

Founded in 2008, Momentous is a full-service risk management and employee benefits firm specializing in high net worth private client services and insurance solutions for the entertainment industry. All 220 colleagues will join MMA from their three offices in Los Angeles and Torrance, California, and New York City. Diane Brinson, President and CEO of Momentous, will continue to lead operations.

Commenting on the acquisition, David Eslick, CEO of MMA, said: “Momentous has a long-established reputation for both their dedication to serving clients across the country and their expertise in the entertainment, film, and TV industries. We are excited to collaborate with the Momentous team and work together to further enhance our client offerings.”

Chris Williams, CEO of MMA’s West region said: “Diane and her team have built a strong business known for its commitment to clients, colleagues, and the community. Their corporate culture and industry expertise are meaningful additions to the MMA organization both within the region and nationwide.”

Ms. Brinson added: “MMA and Momentous share a commitment to serving clients, finding innovative solutions, and delivering on our promises. I am thrilled to join a firm that can not only provide additional resources to our clients, but can also present new opportunities to our colleagues.”

About Marsh & McLennan Agency

Marsh & McLennan Agency LLC is a subsidiary of Marsh established in 2008 to serve as a platform for the middle market. MMA offers commercial property, casualty, personal lines, and employee benefits to midsize businesses and individuals across North America.

About Marsh

Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue approaching US$17 billion and 76,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200131005403/en/

Sally Roberts Marsh 303 952 9453 sally.roberts@marsh.com Erin QuigleyMarsh & McLennan Agency 805 680 9460 erin.quigley@marshmma.com

Source: Marsh & McLennan Agency, LLC

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.