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Marsh & McLennan Agency acquires Minnesota-based P&C agency

Marsh & McLennan Agency LLC has acquired Klein Agency Inc., a St. Paul, Minn.-based surety and property and casualty agency specializing in the construction industry.

Terms of the transaction were not disclosed.

All of Klein's employees and officers will join Marsh & McLennan, and continue operating out of its existing office.

Marsh & McLennan Agency is a unit of Marsh & McLennan Cos. Inc.