Marsh & McLennan Agency LLC, White Plains, N.Y., has acquired Rosenfeld Einstein, a $9 million property/casualty and employee benefits agency based in Greenville, South Carolina. Terms of the transaction were not disclosed. Rosenfeld Einstein is the 21st acquisition Marsh & McLennan Agency has completed since November 2009.
With roots dating back to 1933, Rosenfeld Einstein offers a range of property/casualty and employee benefit services to clients in the Southeast and mid-Atlantic regions. All of the agency’s 55 employees, including principals Dan Einstein, Howard Einstein, and Nathan Einstein will join MMA’s mid-Atlantic hub led by Rutherfoord, a Marsh & McLennan Agency LLC company, and continue operating out of the firm’s Greenville, South Carolina office.
In other industry news:
National brokerage general agency Pinney Insurance Center, Inc., Roseville, Calif., has signed an agreement with The WealthCounselCompanies, a nationwide organization for attorneys and wealth planning professionals.
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As part of the agreement, Pinney Insurance will encourage its agents to become active members of The Advisors Forum – a division of The WealthCounsel Companies. The objective of The Advisors Forum relationship is to help agents gain the confidence of attorneys and optimize the collaboration when serving the needs of estate planning clients.
As members of The Advisors Forum, Pinney’s insurance and financial advisors will have access to the Certified Collaborative Advisor designation, as well as tools designed to help bridge the relationship gap with attorneys and CPAs.
Ashley Pace has joined Lockton Companies in Memphis as an employee benefits consultant and producer. Pace will advise clients on health and welfare programs, human resources issues, and health risk solutions. He will also be responsible for new business development.
Pace joins Lockton after seven years with Regions Insurance and more than 14 years of experience in the development and management of health and welfare programs. He also brings expertise in the managed care arena and an understanding of how wellness programs can improve employee health and employer bottom lines.
Pace is a member of the International Foundation of Employee Benefits, the National Business Group on Health, and the Society of Human Resource Managers. He is a recipient of the Presidents Club award given to those in the insurance industry who have exceeded sales goals year over year. He is a graduate of the University of Tennessee, Knoxville.