QUESTIONS ABOUT THE TRANSACTION
When does the acquisition take effect?
February 29, 2016
Why did MMA select celedinas insurance group?
MMA was seeks the most prominent and well respected firms in the insurance industry. They were drawn to Celedinas’ strong regional presence, top-notch leadership, entrepreneurial culture and dominance in the private client insurance marketspace.
What is MMA?
Marsh & McLennan Agency (MMA) was created in 2008 as a separate operating subsidiary of Marsh LLC, the world’s leading global insurance broker and risk management advisor, primarily to serve the property & casualty and employee benefits needs of the middle market. Since November 2009, MMA has been building its national platform by strategically partnering with high quality insurance and consulting firms across the country.
What are the advantages of being part of MMA?
Joining MMA allows Celedinas to keep its leadership, service model and culture in place, while adding the support and resources of the world’s leading insurance broker and risk management advisor.
For Celedinas, this transition is an opportunity to grow and help our clients grow. It is not about consolidation or cost reduction.
For clients, joining MMA enables us the ability to preserve and strengthen our service ethic while offering a wider range of solutions, more specialized expertise and more resources to invest in technology and people.
For associates, there will be more opportunities for career advancement, geographic relocations, etc. in a firm that will benefit from the fast growing U.S. marketplace.
Will celedinas’ community involvement change?
No. The firm will continue its commitment to the communities in which we serve.
What role will celedinas play at MMA?
Ray Celedinas will retain his role as the President and CEO of all five of the Celedinas offices in South Florida. Additionally, he will serve as the Private Client Practice Leader for MMA nationally. He will lead the organization in developing products and partnerships that will serve the exclusive needs of the private client insurance consumer.
Where can I find out more about MMA?
Will any jobs be lost as a result of this transaction?
No positions will be lost directly due to this acquisition. We expect no changes to our current operating structure or service teams. Clients, vendors and community partners can continue to work with their Celedinas points of contact as they have in the past. No contact information has changed.
Will the celedinas name change?
Yes. Our new name is: Celedinas, a Marsh & McLennan Agency LLC company. We can still be referred to commonly as “Celedinas.”
For additional questions please refer to the following contacts:
Clients: Contact your Celedinas Client Executive or service team
Media: Sally Roberts, Marsh Media Relations Director