Marsh McLennan Agency, a subsidiary of Marsh, has purchased AC Risk Management, a commercial lines brokerage based in Melville, New York.
Founded in 2012, ACRM primarily offers property/casualty insurance to businesses in the region, with a particular focus on the construction industry. All ACRM employees, including CEO Matt Avellino, will continue working out of their existing Melville office.
“With their commercial line expertise and construction industry specialization, the ACRM team will be a great addition to Marsh McLennan Agency,” comments Jerry Alderman, CEO of Marsh McLennan Agency’s Northeast region. “We are looking forward to this opportunity to work with businesses in the Long Island community and help them address their constantly evolving risk mitigation needs.”