Johnson & Higgins was one of the largest insurance brokers. In 1997, it was acquired by Marsh McLennan.
History
The company was founded in 1845 in New York as Jones & Johnson by Walter Restored Jones, Jr. and Henry Ward Johnson.[1] In 1854, the company was renamed when A. Foster Higgins replaced Jones who left to do business on his own.[1] By 1900, the company had offices in 8 cities and had 75 employees.[1]
In 1912, the company brokered U.S. portion of the $5.6 million coverage of the Titanic at a nominal rate.[1]
In 1923, it acquired Albert Willcox & Co., establishing itself in the reinsurance market.