Major Dayton insurance agency sold

Insurance broker Marsh & McLennan Agency LLC has purchased Dayton-based Brower Insurance Agency, a $24 million insurance agency with 164 employees in Dayton, Cincinnati, Columbus and Springfield.

Terms of the deal were not disclosed. Marsh & McLennan, based in White Plains, N.Y., announced the acquisition Wednesday morning.

Brower will serve as Marsh and McLennan’s Midwest hub as it seeks to make more acquisitions. All of Brower’s executives and employees, including Managing Principal Chris McAtee, will join Marsh & McLennan, the company said.