Wortham Insurance & Risk Management

What Wortham Insurance & Risk Management does

Wortham Insurance & Risk Management is a Texas-based insurance brokerage founded in 1915, operating with 501–1,000 employees as part of the broader Marsh McLennan Agency (MMA) platform within the Marsh McLennan Companies (NYSE: MMC) family. The firm delivers insurance, risk management, and benefits solutions across four core service lines: Business Insurance (property, casualty, cyber), Employee Health & Benefits (HR consulting, pharmacy solutions, voluntary benefits, well-being programs), Private Client Services (homeowners, auto, liability for high-net-worth individuals), and Retirement & Wealth (employer retirement plans, financial well-being, wealth management). Coverage is specialized across 25+ industry verticals including agribusiness, aviation, construction, healthcare, energy, real estate, and life sciences.

The underlying technology stack is an insurance and risk-management platform rather than a software product business, with notable proprietary elements including Workers' Health 360 (a 360-degree employee health data consolidation layer) and AI-driven insurance solutions that support decision-making in risk selection and benefits administration. HR Technology Consulting services sit alongside the core brokerage offering, helping clients select and implement HR tools, suggesting an adjacent consulting and integration practice.

The business model is sales-led and relationship-driven, generating recurring subscription-style revenue from commissions, fees, and ongoing service contracts across business insurance, employee health and benefits, private client, and retirement & wealth engagements. Distribution is primarily direct sales (field and enterprise), augmented by the global Marsh McLennan ecosystem (Marsh, Guy Carpenter, Mercer, Oliver Wyman). Pricing is quote-based and tailored per engagement rather than publicly disclosed, and customer segments span business entities (primary), high-net-worth individuals, and organizations seeking retirement and wealth services. Geographic operations center on the United States with a Canadian footprint under the MMA brand.

Name

Wortham Insurance & Risk Management

Legal name

Marsh & McLennan Agency

Website

https://worthaminsurance.com

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Wortham Insurance & Risk Management, founded in 1915 in Texas and operating within Marsh McLennan Agency, delivers business insurance, employee health and benefits, private client, and retirement and wealth solutions to enterprises, mid-market firms, and high-net-worth individuals across 25+ industries.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Risk Management Services

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242), Portfolio Management and Investment Advice (523940)

SIC

Insurance Agents, Brokers & Service (6411), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

akta.pro secondary industries

Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG), Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

Keywords

• Commercial insurance brokerage
• Risk management services
• Employee benefits administration
• Retirement plan services
• Personal insurance coverage

Headquarters

HQ city

Texas

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Business Insurance Services: Revenue from providing business insurance including property, casualty, and cyber risk coverage.
2. Employee Health & Benefits: Revenue from HR consulting, pharmacy solutions, and health benefits administration services.
3. Private Client Services: Revenue from personal insurance including homeowners, auto, and liability coverage for high-net-worth individuals.
4. Retirement & Wealth Services: Revenue from employer retirement plans, financial well-being programs, and wealth management services.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Wortham Insurance & Risk Management provides insurance brokerage and risk advisory services across four service lines: Business Insurance (property, casualty, cyber), Employee Health & Benefits (HR consulting, pharmacy, voluntary benefits, well-being), Private Client Services (homeowners, auto, personal liability), and Retirement & Wealth (employer retirement plans, financial well-being, wealth management). The firm operates as part of Marsh McLennan Agency and serves both commercial clients and high-net-worth individuals across 25+ industries.

Product overview

Marsh McLennan Agency offers an integrated insurance and benefits platform with four core service lines: Business Insurance (covering Property, Casualty, and Cyber), Employee Health & Benefits (including HR Consulting, Pharmacy, and HR Technology Consulting), Private Client Services (Homeowners, Auto, Liability), and Retirement & Wealth (Employer Retirement Plans, Financial Well-being, Wealth Management). The platform also includes specialized features like Workers Health 360, Claims Management, and Voluntary Benefits, along with industry-specific solutions across 25+ sectors. AI-driven tools support decision-making capabilities across the platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Business Insurance Comprehensive business insurance coverage for organizations, including Property, Casualty, and Cyber risk protection services across multiple industries.
• Employee Health & Benefits Health benefits and HR consulting services for organizations, including HR Technology Consulting, pharmacy cost solutions, HR process simplification, voluntary benefits, and well-being programs.
• Private Client Services Personal insurance solutions for high-net-worth individuals and families, covering Homeowners, Auto (including luxury vehicles and aviation), and Liability coverage with customized risk review.
• Retirement & Wealth Retirement planning and wealth management services including Employer Retirement Plans, Financial Well-being programs, ERISA fiduciary consulting, Wealth Management advisory, and the MMA IRA low-cost individual retirement account service.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• MarshcoreOthersMarsh McLennan Agency operates as A Marsh business, part of the Marsh & McLennan family of companies. Marsh is the world's leading insurance broker and risk adviser.
• Guy CarpenterminorOthersPart of the Marsh & McLennan network, providing reinsurance and risk advisory services.
• MercerminorOthersPart of the Marsh & McLennan network, specializing in HR and related consulting services.
• Oliver WymanminorOthersPart of the Marsh & McLennan network, providing management consulting services.

Recent moves1 record

Expansion highlights5 records

Direct peers

• Hub International Limited: North American insurance brokerage serving mid-market and personal lines clients, including HNW personal insurance. Direct competitor in the Property & Casualty and Private Client segments.
• USI Insurance Services: US-focused insurance brokerage and consulting firm serving middle-market clients. Direct competitor in business insurance, benefits, and personal lines.
• Brown & Brown, Inc. Large US insurance broker with deep retail and program-specialization capabilities. Comparable to Wortham in serving mid-market commercial accounts across property/casualty and employee benefits.
• Alliant Insurance Services: US specialty insurance brokerage with strong aviation, construction, and energy practices. Comparable to Wortham across specialty commercial lines and employee benefits.
• Arthur J. Gallagher & Co. One of the largest US insurance brokerage and risk management firms. Directly comparable to Wortham across business insurance, employee benefits, and risk consulting for mid-market and enterprise clients.

Broad incumbents

• Aon plc: Global professional services firm offering risk, retirement, and health solutions. Overlaps with Wortham across commercial insurance placement and benefits advisory.
• Willis Towers Watson (WTW): Global advisory, broking, and solutions firm operating across risk, retirement, and health & benefits. Competes with Wortham across most service lines and benefits/retirement segments.
• Marsh & McLennan (Marsh): The world's leading insurance broker and risk adviser and parent affiliate of Wortham/MMA. Provides global placement, reinsurance, and risk consulting capabilities that Wortham can leverage.

Regional players

• Woodruff Sawyer: West Coast-focused commercial insurance brokerage. Comparable to Wortham in mid-market commercial property/casualty and cyber brokerage, though concentrated in California rather than Texas.

Others

• Lockton Companies:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/worthamins

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wortham Insurance & Risk Management