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Marsh McLennan Agency to acquire The Accel Group
The Accel Group employs more than 130 people, who are expected to transfer to MMA as the deal expands its footprint across Iowa and neighboring states.
Marsh McLennan Agency has agreed to acquire Accel Holdings, the parent company of Iowa-based independent insurance and advisory firm The Accel Group, Coverager reported.
The Accel Group, founded in 1936, provides commercial and personal insurance, employee benefits, agribusiness coverage, wealth management, and retirement advisory services. It operates seven offices across Iowa, Illinois, Missouri, and Kansas, and more than 130 employees are expected to join MMA.
The transaction is intended to expand MMA’s presence in Iowa and nearby states while strengthening its agribusiness, retirement, and wealth capabilities, according to Coverager.
The company also highlighted an MMA-exclusive product tied to an AM Best A++-rated insurer, offering up to $10 million in coverage, and using data from Transparency in Coverage regulations to deliver provider-level cost insights.