Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has today announced its purchase of Momentous Insurance Brokerage, a Los Angeles-based independent insurance agency with particular expertise in the entertainment industry.
Momentous provides full-service risk management, insurance and employee benefits solutions. It’s target sectors are high net worth private clients – a known focus within MMA – and the entertainment sector. The brokerage was founded in 2008, and currently has 220 colleagues in three offices in Los Angeles and Torrance, California, and New York City.
Following the deal, all 220 Momentous colleagues will join MMA. They will continue under the leadership of Diane Brinson, the agency’s president and CEO. Commenting on the deal, Brinson said: “MMA and Momentous share a commitment to serving clients, finding innovative solutions, and delivering on our promises. I’m thrilled to join a firm that can not only provide additional resources to our clients, but can also present new opportunities to our colleagues.”
Chris Williams, CEO of MMA’s West region said: “Diane and her team have built a strong business known for its commitment to clients, colleagues, and the community. Their corporate culture and industry expertise are meaningful additions to the MMA organization both within the region and nationwide.”
Likewise, David Eslick, CEO of MMA, expressed his excitement about collaborating with the Momentous team. He commented: “Momentous has a long-established reputation for both their dedication to serving clients across the country and their expertise in the entertainment, film, and TV industries. We’re excited to collaborate with the Momentous team and work together to further enhance our client offerings.”