Marsh Canada acquires Montreal brokerage Kocisko

Commercial brokerage and risk management firm Marsh Canada announced Wednesday the acquisition of Montreal-based construction and surety provider Kocisko Insurance Brokers Inc.

“Kocisko focuses on providing commercial insurance and risk management solutions to construction and surety operations throughout the province of Quebec,” Marsh said in a release. ” The Kocisko team will join Marsh Canada’s National Construction and Surety Practice, and will be based in Marsh’s Montreal location.”

“Becoming a part of Marsh Canada Limited is a terrific evolution for Kocisko,” stated Kocisko chief executive officer Terry Kocisko.. “Our clients will benefit from the tremendous service and broader array of capabilities and resources that Marsh has to offer.”

Marsh did not disclose the terms of the acquisition.

Marsh Canada is the Canadian subsidiary of New York City-based Marsh Inc. Its New York-based parent company – – Marsh & McLennan Companies Inc. – also owns risk and reinsurance intermediary Guy Carpenter & Company LLC and management consulting firm Oliver Wyman.