Welcome to our dedicated page for Marsh & Mclennan news (Ticker: MMC), a resource for investors and traders seeking the latest updates and insights on Marsh & Mclennan stock.
Marsh & McLennan (NYSE: MMC) is a global leader in professional services specializing in risk management, insurance brokerage, and strategic consulting. This dedicated news hub provides investors and industry professionals with verified updates directly from the company and authoritative third-party analysis.
Access comprehensive collection of earnings reports, strategic initiatives, and leadership updates alongside expert commentary on MMC's market position. Our curated feed simplifies tracking regulatory developments and industry trends impacting this Fortune 500 firm.
Key coverage areas: quarterly financial disclosures, mergers & acquisitions activity, corporate governance changes, and recognition within insurance/consulting sectors. All content undergoes strict verification to ensure compliance with financial reporting standards.
Bookmark this page for real-time updates on MMC's global operations across 130+ countries. Monitor critical developments in risk solutions through Marsh, reinsurance advisory via Guy Carpenter, and consulting services from Mercer/Oliver Wyman through one centralized source.
Marsh McLennan (NYSE: MMC) has released a report from its Cyber Risk Analytics Center linking key cybersecurity controls to reduced cyber incident risks. The report emphasizes automated hardening techniques as the most effective control, making organizations nearly six times less likely to experience a cyber incident. It challenges previous insurance recommendations, highlighting that multifactor authentication (MFA) shows significant effectiveness only when broadly implemented. Additionally, patching high-severity vulnerabilities within seven days decreased the likelihood of incidents by a factor of 2, but only 24% of organizations implement this control. The insights aim to guide organizations in making informed cybersecurity investments, positively influencing their stance in the cyber insurance market.
Marsh McLennan (NYSE: MMC) has announced the merger of BT Super into the Mercer Super Trust, creating a significant super fund in Australia. This merger results in one of Australia’s largest super funds, with around 850,000 members and $63 billion in assets under management. Additionally, Mercer has acquired Advance Asset Management Limited, enhancing its investment management capabilities. The company aims to redefine retirement for clients by providing improved investment options and fee reductions. With $345 billion assets under management, Mercer is poised to benefit from its global scale and a team of 2,000 investment professionals.
The Board of Directors of Marsh McLennan (NYSE: MMC) has appointed Judith Hartmann and Ray G. Young as new directors, expanding the Board to 15 members. Hartmann, former Deputy CEO and CFO of ENGIE, has significant experience in finance and international operations, while Young served as Vice Chairman and CFO of ADM. The Chairman emphasized the importance of corporate governance and succession planning. Company executives expressed confidence that the new appointees will enhance the Board with their expertise in governance and leadership.
Marsh McLennan (NYSE: MMC) is set to announce its first quarter financial results on April 20, 2023, before market opening. The results will be available on marshmclennan.com. Following the announcement, President and CEO John Doyle and CFO Mark McGivney will host a teleconference at 8:30 a.m. EDT, including a Q&A session for investors. Marsh McLennan, a leader in risk, strategy, and consulting services, employs over 85,000 professionals globally and generates annual revenue exceeding $20 billion.
The Board of Directors of Marsh McLennan (NYSE: MMC) has declared a quarterly dividend of $0.590 per share on outstanding common stock. This dividend is payable on May 15, 2023, to stockholders of record on April 5, 2023. Marsh McLennan, a global leader in professional services focused on risk, strategy, and people, generates over $20 billion in annual revenue and operates in 130 countries with more than 85,000 colleagues. The company is renowned for its ability to help clients manage complex environments through its four main businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman.
Marsh McLennan (NYSE: MMC) has priced $600,000,000 of its 5.450% Senior Notes due 2053. The company will use the proceeds for general corporate purposes, with the offering expected to close on March 9, 2023, pending customary conditions. Barclays Capital, HSBC Securities, and Morgan Stanley are the joint book-running managers for the offering. An effective shelf registration statement relating to the Notes has been filed with the SEC. Investors are encouraged to read the prospectus for complete information regarding this offering.
Mercer, a business of Marsh McLennan (NYSE: MMC), has acquired Leapgen, a leading HR technology advisory firm. This acquisition strengthens Mercer's position in the growing digital HR strategy market. According to Jean Martin, Senior Partner at Mercer, Leapgen will enhance HR transformation solutions, enabling organizations to better align technology with their unique needs. With more than 16 HR systems commonly deployed in organizations, and increasing HR tech spending, the need for strategic advice is evident. This move aims to improve workforce technology and employee experience outcomes amidst an evolving digital landscape.
Marsh McLennan (NYSE: MMC) reported its financial results for Q4 and the full year 2022, showcasing a 5% revenue growth to $20.7 billion, with an underlying revenue growth of 9%. Q4 revenue totaled $5.0 billion, down 2% year-over-year, but adjusted operating income increased 13% to $1.0 billion. The overall GAAP EPS for 2022 was $6.04, while adjusted EPS rose 11% to $6.85. Noteworthy items in Q4 totaled $344 million related to workforce and technology changes. The company repurchased 12.2 million shares for $1.9 billion during 2022. CEO John Doyle highlighted the strong performance and ongoing investments in talent and capabilities.
The Board of Directors of Marsh McLennan (NYSE: MMC) has declared a quarterly dividend of $0.590 per share on outstanding common stock. This dividend is scheduled for payment on February 15, 2023, to stockholders of record as of January 26, 2023. With over $20 billion in annual revenue, Marsh McLennan, a leading professional services firm, offers risk, strategy, and human capital solutions across four market-leading businesses.
Marsh McLennan Agency (MMA) has announced the acquisition of HMS Insurance Associates, a major independent agency based in Hunt Valley, Maryland. Although the financial terms of the deal were not disclosed, this acquisition aims to enhance MMA's service offerings in the Mid-Atlantic region. HMS, founded in 1943, specializes in property/casualty insurance and employee benefits, boasting a strong workforce of over 120 employees. The integration is expected to bolster MMA's capacity for customer service and employee development, aligning with their strategic goals for growth.
