Marsh & McLennan Agency L.L.C. has acquired Prescott Pailet Benefits L.P.
Marsh & McLennan Agency, a unit of a brokerage subsidiary of Marsh & McLennan Companies Inc., New York (NYSE:MMC), will be making Prescott Pailet, Dallas, part of the Southwest regional hub the agency created in November 2009 by acquiring Insurance Alliance, Houston.
The Marsh & McLennan Agency has talked about creating a national distribution network by acquiring “hubs and spokes.” Prescott Pailet is the 11th acquisition the agency has announced since it made the Insurance Alliance deal.