Marsh McLennan Agency (MMC) Acquires Excel Insurance

Marsh McLennan Agency (MMA), a business of Marsh (NYSE: MMC) and a leading provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions across the US and Canada, today announced the acquisition of Excel Insurance, a Medley, Florida-based independent agency. Terms of the acquisition were not disclosed.

Founded in 2020, Excel provides property/casualty insurance solutions to small businesses and individuals in South Florida, with specialties in watercraft and motor vehicle protection. All Excel employees, including President Jacob Pared, will join MMA in its existing Doral office.

“Acquiring Excel Insurance is a strategic move that enhances our commitment to serving clients in South Florida,” said Doug Bishop, CEO of MMA’s Florida region. “I welcome Jacob and his team to MMA and look forward to providing even more capabilities and expertise to clients in the region.”

Mr. Pared added: "I am proud of the growth Excel has achieved in just five years. Joining MMA is the next step in our mission to deliver clients the solutions they need to thrive via access to global resources and industry knowledge, while simultaneously deepening the team of local experts available.”

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