Welcome to our dedicated page for Marsh & McLennan Companies news (Ticker: MMC), a resource for investors and traders seeking the latest updates and insights on Marsh & McLennan Companies stock.
Marsh & McLennan Companies, Inc. (MMC), commonly known as Marsh McLennan, is a renowned global professional services firm headquartered in New York City. The company specializes in providing advanced advice and solutions in the sectors of insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.
The company operates through two main segments: Risk and Insurance Services and Consulting. In the Risk and Insurance Services segment, Marsh McLennan operates mainly through Marsh, an insurance broker, and Guy Carpenter, a risk and reinsurance specialist. These entities help clients navigate various risks, including financial, operational, and strategic risks.
On the consulting front, Marsh McLennan is represented by two key businesses: Mercer and Oliver Wyman. Mercer provides human resource services, including talent management, health benefits planning, and M&A advisory services. Oliver Wyman offers management consulting services, delivering expertise in strategy, operations, and risk management to clients across numerous industries.
Recently, Marsh McLennan's management consulting arm, Oliver Wyman, announced the combination of its legacy aviation brand CAVOK and newly acquired SeaTec Consulting Inc., rebranded as Oliver Wyman Vector. This new brand aims to provide enhanced technical and digital expertise across the aviation, aerospace, defense, and rail industries.
Another significant initiative includes the formation of the National Commission on Climate and Workforce Health, created to address the growing threats that climate change poses to workforce health. This initiative, supported by various business leaders and health experts, emphasizes the importance of building climate-resilient workforces. Mercer, a key player in Marsh McLennan's consulting segment, is actively involved in this effort, providing strategic input and support.
Marsh McLennan generates about half of its revenue from markets outside the U.S., showcasing its global reach and diversified client base. The company's financial condition remains robust, with annual revenues exceeding $23 billion, supported by its workforce of over 85,000 professionals operating in more than 130 countries.
In light of its recent achievements and ongoing projects, Marsh McLennan continues to solidify its position as a leading professional services firm, offering unparalleled solutions in risk, strategy, and human capital management.
Marsh McLennan (NYSE: MMC) will announce its second quarter financial results on July 21, 2022, prior to market opening. The results will be accessible via a press release on marshmclennan.com. Following the announcement, executives including President and CEO Dan Glaser will conduct a teleconference at 8:30 a.m. EDT to discuss the results and address investor queries. Marsh McLennan, a global leader in professional services, has an annual revenue of approximately $20 billion and serves clients in 130 countries.
Marsh McLennan (NYSE: MMC) announces the appointment of
The Oliver Wyman Forum released a new white paper at the World Economic Forum, discussing a novel equity-market valuation model that outperforms traditional metrics like P/E and CAPE ratios. This model introduces a new valuation metric that is both timely and less volatile. The paper highlights ten critical insights into the US economy, critiques the traditional CAPM, and uncovers ten hidden risks in the Treasury market. These findings aim to aid investors and economic policymakers in making informed decisions based on a more accurate understanding of equity and Treasury dynamics.
Marsh McLennan Agency (MMA) has acquired Clark Insurance, a prominent independent agency in Maine, enhancing its presence in the New England region. Founded in 1931, Clark Insurance offers comprehensive business and personal insurance services. The acquisition includes Clark's five offices, with all 135 employees transitioning to MMA. CEO Jerry Alderman noted that Clark's reputation for quality service and a collaborative culture aligns with MMA's values. This strategic move aims to provide clients with improved resources and opportunities, further strengthening MMA's market position.
Marsh McLennan (NYSE: MMC) held its annual stockholders' meeting, where the board of directors was unanimously elected for a one-year term. Notably, Marc D. Oken, a director since 2006, announced his retirement and did not seek re-election. CEO Daniel S. Glaser expressed gratitude for Oken's significant contributions over 16 years. Additionally, stockholders ratified Deloitte & Touche LLP as the company's independent accounting firm for 2022 and approved executive compensation in a nonbinding vote. The company reported annual revenue of approximately $20 billion.
On May 9, 2022, the National Council on Compensation Insurance (NCCI) donated $25,000 to Kids' Chance of America during its Annual Issues Symposium (AIS) 2022 golf tournament in Orlando, FL. This initiative aims to support college scholarships for young individuals impacted by a parent's workplace injury or death. Over 8,700 scholarships worth more than $30 million have been awarded by Kids' Chance across the country. NCCI's president emphasized the importance of this support for families facing financial challenges due to serious workplace injuries.
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