Clark Insurance is acquired by New York-based conglomerate
Photo / PETER VAN ALLEN
Clark Insurance, headquartered on outer Congress Street in Portland, said Thursday it has been acquired by Marsh McLennan.
Clark Insurance, a 91-year-old insurance agency headquartered in Portland, has been acquired by New York-based Marsh McLennan Agency LLC for an undisclosed price.
A news release Thursday morning said all 135 employees of Clark will be joining the new parent, a subsidiary of insurance and risk management conglomerate Marsh & McLennan Cos. Inc. (NYSE: MMC).
The Clark website and logo are already sporting the Marsh McLennan name.
Clark is one of Maine's largest insurance agencies and offers a broad range of personal and business lines. The firm has offices in Gorham, Portland, Windham, Lowell, Mass., and Manchester, N.H. Clark also operates Haberman Insurance, an agency in West Springfield, Mass., that was acquired last year and is included in the Marsh transaction.
Marsh McLennan Agency operates 160 offices across North America and employs about 9,000 people.
Clark Insurance President Jeff Shaw said, “MMA opens a new chapter for our organization and our key constituents. Operating with the strength and resources of Marsh McLennan Agency will give our clients access to more tools and resources to reach their goals.
“Our colleagues will see new opportunities for growth and development, and our commitment to supporting local communities will remain a top priority.”
Jerry Alderman, CEO of Marsh McLennan Agency’s New England region, added, “Clark Insurance is respected across the region for their quality service and expertise, as well as the colleague-focused culture that sets them apart from other agencies. Both the Clark team and MMA share a dedication to serving clients, colleagues, and the community and we’re excited to have them on board.”
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