Marsh & McLennan Agency LLC has acquired Capstone Insurance Services LLC for an undisclosed amount.
Greenville, S.C.-based Capstone provides property and casualty insurance and risk management services to businesses and individuals in South Carolina.
Marsh previously bought a South Carolina-based insurer in 2012 when it picked up Rosenfeld Einstein. "Capstone is a great addition to further increase our presence in South Carolina," says Thomas Brown, vice chairman of Marsh's Mid-Atlantic region.
The buyer is a subsidiary of insurer Marsh LLC that focuses on midsize businesses.
The insurance sector has experienced continued consolidation. Recent deals include Confie Seguros' purchase of Ida Tunnell Insurance, a Texas insurer, and USI Insurance Services' deal for 42 insurance brokerage and consulting offices in the U.S.