Marsh McLennan Agency Acquires Hudson Shore Group
July 02 2024 - 8:00AM
Business Wire
Marsh McLennan Agency, a subsidiary of Marsh, today announced
the acquisition of Hudson Shore Group, a leading public and private
sector employee benefits broker based in Red Bank, NJ. Terms of the
acquisition were not disclosed.
Founded in 2010, Hudson Shore Group specializes in public sector
clients, providing employee benefits, consulting, and
administrative services with a focus on large group and
alternative-funded benefits programs. All Hudson Shore Group
employees, including Derek Dailey, founder and CEO, will continue
working out of their Red Bank, NJ, office.
Commenting on the acquisition, Jerry Alderman, CEO of Marsh
McLennan Agency’s Northeast region, said: “The Hudson Shore Group
team is known for developing and managing comprehensive employee
benefits solutions that mitigate the rising costs of healthcare for
local school districts and municipalities as well as for small and
midsize businesses. Hudson Shore Group is a well-respected employee
benefits broker that will further expand our employee health and
benefits programs, making this the right decision for our clients
and our team.”
“Joining Marsh McLennan Agency was the best decision we could
make for Hudson Shore Group clients and employees,” said Mr.
Dailey. “Our clients will benefit from a wider array of
industry-leading specialists, services, and resources that will
support their growing needs and provide measurable value, while our
colleagues will see greater opportunities for growth and personal
development.”
About Marsh McLennan Agency
Marsh McLennan Agency provides business insurance, employee
health & benefits, retirement & wealth, and private client
insurance solutions to organizations and individuals seeking
limitless possibilities. With 11,000 colleagues and 200 offices
across North America, Marsh McLennan Agency combines the
personalized service model of a local consultant with the global
resources of the world’s leading professional services firm, Marsh
McLennan (NYSE: MMC).
About Marsh
Marsh is the world’s leading insurance broker and risk advisor.
With more than 45,000 colleagues advising clients in over 130
countries, Marsh serves commercial and individual clients with
data-driven risk solutions and advisory services. Marsh is a
business of Marsh McLennan (NYSE: MMC), the world’s leading
professional services firm in the areas of risk, strategy and
people. With annual revenue of $23 billion, Marsh McLennan helps
clients navigate an increasingly dynamic and complex environment
through four market-leading businesses: Marsh, Guy Carpenter,
Mercer and Oliver Wyman. For more information, visit marsh.com, and
follow us on LinkedIn and X.
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Salina Pellios Media Relations 332-284-4154
salina.pellios@mmc.com
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