Marsh McLennan Agency (MMA), a subsidiary of Marsh & McLennan Companies, announced that it has acquired three Honolulu‑based insurance brokerages—Atlas Insurance Agency, Pyramid Insurance Centre, and IC International—from the Tradewind Group. The transaction, completed on December 1, 2025, adds a combined annual revenue of roughly $40 million to MMA’s portfolio and extends its presence across the Hawaiian Islands.
The acquisition is part of MMA’s broader strategy to strengthen its footprint in high‑growth regions and to broaden its product mix in personal and commercial lines. MMA’s “Thrive” program, which focuses on operational efficiencies and expanded client services, will be leveraged to integrate the new brokerages and unlock cross‑selling opportunities with MMA’s existing client base. The move also gives MMA local market expertise in niche sectors such as municipal, transportation, and hospitality that the acquired firms specialize in.
While the terms of the deal were not disclosed, independent estimates place the transaction value between $150 million and $250 million, based on the combined top‑line revenue of the three agencies. The acquisition comes as Marsh & McLennan Companies reported full‑year 2024 revenue of $24.5 billion, a 10.47% increase from the prior year, and a 26.8% adjusted operating margin, underscoring the company’s continued focus on margin expansion and inorganic growth.
Chris Williams, President and CEO of MMA’s West region, said the transaction “represents a long‑term investment in a market with strong fundamentals, diversified industries, and a resilient economy.” Pyramid’s president, Chason Ishii, added that the transition “will ultimately provide our clients with expanded insurance solutions and our team new opportunities for growth.” Tradewind Group CEO Rob Nobriga noted that separating the brokerages from its carrier operations “allows each to grow independently and better serve Hawaii, while enabling Tradewind to invest more deeply in local talent, businesses, and real‑estate projects.”
The acquisition positions MMA to capture a larger share of Hawaii’s insurance market, diversify its revenue streams, and create synergies through cross‑selling and shared technology platforms. By integrating the three agencies, MMA can leverage its global resources to enhance underwriting capabilities and service delivery, while the local expertise of the acquired firms will help MMA navigate the unique regulatory and market dynamics of the islands. The deal aligns with MMC’s long‑term growth objectives and supports the company’s track record of margin expansion and strategic acquisitions.
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