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Celedinas Insurance Group Blog

By host on 3/2/2016 12:00 AM
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...
By host on 3/2/2016 12:00 AM
White Plains, New York, March 2, 2016 – Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, today announced it has acquired Celedinas Insurance Group, one of Florida’s largest independent agencies. Terms of the transaction were not disclosed. Established in 1959 and headquartered in Palm Beach Gardens, Florida, Celedinas generates approximately $22 million in annual revenue and specializes in providing property/casualty insurance, marine insurance, and employee benefits services to businesses and individuals, with particular expertise in working with high-net worth individuals and families. All of Celedinas’ 120 employees and leadership, including President and CEO Ray Celedinas, are joining MMA and will continue to operate out of their existing five offices throughout Florida under the name Celedinas Insurance Group, a Marsh & McLennan Agency company, and under Mr. Celedinas’ leadership. In connection with this acquisition, Mr. Celedinas also has been named National Private Client Practice leader for MMA....

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