Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced that it will acquire two of the oldest and largest insurance agencies in Louisiana, Querbes & Nelson (Q&N) and Louisiana Companies, in a move that will double its presence in the state.

Q&N, based in Shreveport, was founded in 1914 and specializes in business insurance, employee benefits, and alternative risk financing for various industries, such as energy services, commercial contractors, and transportation.

Louisiana Companies, based in Baton Rouge, was founded in 1890 and offers business and personal lines insurance for industries such as construction, manufacturing, distributor, healthcare, and hospitality.

The two agencies have a combined workforce of over 200 employees and four offices across the state. Upon closing, they will join MMA and operate under their existing names. Kevin Briggs, the current President and COO of Louisiana Companies, will become the CEO of both agencies, while George Nelson, the Managing Director and Co-owner of both agencies, will serve as a senior advisor. Mike Belanger, the President, COO and Co-owner of Q&N, and Ryan Allen, the Chief Sales Officer of Louisiana Companies, will also join MMA.

The transactions are expected to be completed by the end of the first quarter of 2024. The financial terms of the deals were not disclosed.

MMA is a national insurance broker that provides risk management, employee benefits, retirement, and private client solutions to midsize businesses and individuals. It is a part of Marsh, the world’s leading insurance broker and risk advisor.

“Querbes & Nelson and Louisiana Companies are leading agencies with unwavering commitment to client service and deep expertise in key industries. Louisiana is home to a diverse and resilient economy that these two organizations will help us serve with impactful solutions to minimize risk,” said Matt Stadler, CEO of MMA’s Southwest region.

“We are thrilled to be joining the Marsh McLennan Agency team,” said Mr. Nelson. “This was the right decision for our businesses as we continue looking for new ways to offer the best possible risk management solutions for clients. Our employees will now have access to a larger inventory of resources to not only help their clients achieve their goals, but to accomplish their own professional goals.”

Mr. Briggs added: “As new threats continue to emerge for our clients, we must stay ahead of the curve to deliver effective risk mitigation strategies that address their distinct risk profiles. Coming aboard Marsh McLennan Agency, we are looking forward to providing clients with more tools and resources to protect their workforce and their operations.”

John Q. Doyle named President and Chief Executive Officer of Marsh McLennan