Marsh & McLennan Buys Dovetail Insurance For Undisclosed Terms

(RTTNews) - Marsh & McLennan Cos Inc (MMC), an insurance broking and risk management company, on Thursday agreed to buy Dovetail Insurance, a provider of insurance technology services tailored to the US small commercial market. The financial terms of the deal were not disclosed.

The addition of Dovetail is part of Marsh's global strategy to provide expanded services to the small and medium-sized enterprise segment, the company said.

Based in Columbia, South Carolina, Dovetail has developed an advanced cloud-based technology platform that enables independent insurance agents, on behalf of their small business clients, to obtain online quotes from multiple insurance providers and bind insurance policies in real time.