Benzinga | Nov 3, 2021 11:09AM EDT

Marsh & McLennan Reports Purchase Of Southwest Truck Insurance Agency, No Terms Disclosed

Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced the acquisition of Southwest Truck Insurance Agency, Inc., a leading independent agency in Irving, Texas. Terms of the acquisition were not disclosed.

Founded in 1986, Southwest Truck Insurance specializes in business insurance solutions for the trucking industry, with expertise in domestic and cross-border trucking operations, serving clients in the US and Mexico. All of Southwest Truck Insurance's team, which is led by John Phillips, President, will join MMA.

"Transportation and trucking organizations are part of a complex industry that requires an experienced broker to navigate their insurance needs. John and the team at Southwest Truck Insurance have built a strong reputation recognized for their service and expertise," said Tim Fleming, Regional CEO at MMA. "The Southwest Truck Insurance team strengthens our ability to serve clients in this growing industry and we are thrilled to welcome them to MMA."

Mr. Phillips added: "Over the years, we have come to know and respect the Marsh McLennan Agency brand, capabilities, and team. Today, we are excited to unite our expertise with their resources to collectively expand our reach in the trucking industry. By joining MMA, I look forward to delivering even more solutions and services to our clients, and introducing new growth opportunities for our colleagues."