Marsh McLennan Agency (MMA) recently announced its acquisition of AC Risk Management (ACRM), an esteemed independent commercial lines brokerage located in Melville, New York.
Established in 2012, ACRM has been a cornerstone in providing top-tier property and casualty insurance solutions, with a particular focus on serving businesses, notably those within the construction sector. As part of the acquisition, all ACRM personnel, including CEO Matt Avellino, will continue operating from their current Melville location.
Jerry Alderman, CEO of MMA’s Northeast region, expressed his admiration for ACRM’s expertise in commercial lines and specialization in the construction industry. He remarked, “We are excited about the synergies this partnership brings and the enhanced services we can offer to businesses in the Long Island community to address their ever-evolving risk management needs.”
Matt Avellino, CEO of ACRM, shared his enthusiasm for the merger, highlighting the advantages of joining forces with a larger organization like MMA.
MMA, a subsidiary of leading insurance broker and risk advisor Marsh, boasts a comprehensive suite of services, including business insurance, employee health and benefits, retirement and wealth management, and private client insurance, delivered through its network of 180 offices spanning North America.
This strategic move to acquire ACRM follows MMA’s recent successful acquisitions of middle-market agencies Querbes & Nelson (Q&N) and Louisiana Companies. These acquisitions have significantly bolstered MMA’s presence in Louisiana, effectively doubling its market reach in the state, as announced by the company in March.
