White Plains, NY, July 2, 2024 – Marsh McLennan Agency, a subsidiary of Marsh, today announced the acquisition of Hudson Shore Group, a leading public and private sector employee benefits broker based in Red Bank, NJ. Terms of the acquisition were not disclosed.
Founded in 2010, Hudson Shore Group specializes in public sector clients, providing employee benefits, consulting, and administrative services with a focus on large group and alternative-funded benefits programs. All Hudson Shore Group employees, including Derek Dailey, founder and CEO, will continue working out of their Red Bank, NJ, office.
Commenting on the acquisition, Jerry Alderman, CEO of Marsh McLennan Agency’s Northeast region, said: “The Hudson Shore Group team is known for developing and managing comprehensive employee benefits solutions that mitigate the rising costs of healthcare for local school districts and municipalities as well as for small and midsize businesses. Hudson Shore Group is a well-respected employee benefits broker that will further expand our employee health and benefits programs, making this the right decision for our clients and our team.”
“Joining Marsh McLennan Agency was the best decision we could make for Hudson Shore Group clients and employees,” said Mr. Dailey. “Our clients will benefit from a wider array of industry-leading specialists, services, and resources that will support their growing needs and provide measurable value, while our colleagues will see greater opportunities for growth and personal development.”
