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Marsh & McLennan Agency buys Klein Agency

Published 04 July 2018

Marsh middle market agency subsidiary Marsh & McLennan Agency (MMA) has acquired Klein Agency, a St. Paul, Minnesota-based surety and property/casualty agency specializing in the construction industry.

Terms of the transaction were not disclosed. Klein Agency is a third-generation family-run agency. It has focused for more than 50 years on helping construction companies with their surety bonding, as well as personal and business insurance needs.

All of Klein’s employees and leadership will join MMA, and continue operating out of Klein’s existing office.

MMA’s upper Midwest region CEO Tim Fleming said: “With Klein Agency’s people, resources, and expertise now part of MMA, our region will expand its ability to deliver world class surety services to our construction clients in Minnesota as well as the upper Midwest.”

Klein Agency vice president Steve Klein said: “We’re eager to begin working collaboratively with our new colleagues at MMA. Together, we will deliver an enhanced suite of services to our clients.”

Source: Company Press Release