Marsh McLennan Agency (MMA) announced the acquisition of Hayden Wood 农夫导航 Agency Inc., a Southborough, Massachusetts-based independent agency. Terms of the acquisition were not disclosed.
The Hayden Wood 农夫导航 Agency was founded in 1946 by Hayden R. Wood, Sr. upon his return from service in World War II. Three generations later, it has continued as a family owned and operated independent insurance agency with Morgan Wood Duffy at the helm. All employees, including Duffy, will join MMA and remain working out of their existing Southborough office.
Hayden Wood primarily provides personal lines expertise to clients nationally, with a specialty in collector auto and motorsports products.
Commenting on the acquisition, Pete Walther, president and CEO of MMA’s Private Client Services division, said: “Not only are the needs of our high-net-worth clients unique, but even more so for each individual asset they need protected. Hayden Wood brings a wealth of expertise and a deep-rooted passion for motorsports, which will enable us to engage meaningfully with clients and deliver tailored solutions that protect the unique assets and passions they value most.”
Marsh McLennan Agency is a business of Marsh, which is one of four divisions of Marsh McLennan along with Guy Carpenter, Mercer and Oliver Wyman. Marsh McLennan has annual revenue of over $24 billion and more than 90,000 colleagues
Topics Mergers & Acquisitions Auto
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