New York Firm Acquires Livonia-based Cambridge

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WHITE PLAINS, N.Y. — Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc. announced the acquisition of Cambridge Property and Casualty based in Livonia expanding the firm to Michigan.

Founded in 1974, Cambridge has roughly $6 million in annual revenues and 41 employees, all of whom will join Marsh and McLennan, with Cambridge operating in the upper Midwest region, expanding Marsh and McLeenan in Michigan.

“We are excited to join the Marsh & McLennan Agency organization,” said Kenneth Hale, now CEO of Cambridge Property & Casualty. “This will greatly enhance our resources to clients while at the same time allow us to maintain and enhance the spirit of excellence and individuality of our client-focused organization.”  

 

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