Covington Represents Trustmark In Its $345M Sale of Fisher Brown Bottrell Insurance

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Covington Represents Trustmark In Its $345M Sale of Fisher Brown Bottrell Insurance

May 1, 2024

NEW YORK—Covington advised Trustmark National Bank in its entry into a definitive agreement to sell its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc., to Marsh & McLennan Agency LLC for $345 million in cash.

Trustmark is a financial services company providing banking and financial solutions through offices in Alabama, Florida, Georgia, Mississippi, Tennessee, and Texas.

Fisher Brown Bottrell Insurance is among the five largest bank-affiliated insurance agencies in the U.S. and one of the largest agencies in the southeast, focusing on commercial, personal, and employee benefits insurance and surety.

The Covington team was led by Michael Reed, Olivia Xie, and Jeffrey Luther, with valuable assistance from Bruce Bennett. The team also included Jenna Wallace and Valerie Hughes (Employee Benefits), Kurt Baca and Sumaya Bouadi (Tax), Ryan Quillian, Stacy Kobrick, and Nicolle Wainer (Antitrust), Heather Haberl and Zach Schutz (Real Estate), Steven Mossey and Adrian Lev (Intellectual Property), David Engvall, Charlotte May, and Nicholas Halliburton (Corporate), and Hakeem Rizk (R&W Insurance).