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) reported a strong first quarter for 2022, with a 9% increase in GAAP revenue to $5.5 billion and a 10% rise in underlying revenue. The company achieved GAAP EPS of $2.10 and adjusted EPS of $2.30, marking increases of 10% and 16%, respectively. Operating income grew by 6% to $1.4 billion, while adjusted operating income rose 12% to $1.6 billion. Notably, the firm exited its Russian operations amid ongoing geopolitical tensions, reaffirming its commitment to clients during uncertain times.
Oliver Wyman, part of Marsh McLennan (NYSE: MMC), has acquired a minority stake in Blue Orange Digital, specializing in data science and analytics. This investment enhances Oliver Wyman's digital capabilities, allowing them to offer better optimization and automation solutions to clients. Oliver Wyman's recent investments include acquiring Huron's life sciences consulting practice and Azure Consulting. The partnership aims to help businesses leverage data and advanced analytics for improved performance.
On April 5, 2022, Oliver Wyman announced its agreement to acquire Booz Allen Hamilton's management consulting business focused on the MENA region. This strategic acquisition aims to enhance Oliver Wyman's capabilities in the Middle East and globally, integrating Booz Allen's extensive experience across sectors such as Energy, Climate, and Cybersecurity. The move is expected to bolster Oliver Wyman's growth trajectory and deepen its commitment to client service, with the transaction anticipated to close in 2022, pending regulatory approvals.
Marsh McLennan (NYSE: MMC) will announce its first quarter financial results on April 21, 2022, prior to market opening. The results will be discussed in a teleconference led by CEO Dan Glaser, COO John Doyle, and CFO Mark McGivney at 8:30 a.m. EDT. Investors can join the call by dialing 1 866-437-7574 or +1 409-220-9376. Marsh McLennan, a leader in risk, strategy, and people services, generated nearly $20 billion in annual revenue and operates in 130 countries.
The Board of Directors of Marsh McLennan (NYSE: MMC) has authorized an additional
Marsh McLennan (NYSE: MMC) announced the appointment of Katherine J. Brennan as Senior Vice President and General Counsel, effective immediately. She succeeds Peter J. Beshar, who has departed to serve as General Counsel of the U.S. Department of the Air Force after nearly 20 years at Marsh McLennan. Brennan will lead the company’s global legal, compliance, and public affairs functions while continuing her role in ESG efforts. The transition is expected to enhance leadership and maintain company integrity.
Marsh McLennan (NYSE: MMC) has announced its decision to exit all operations in Russia due to the ongoing conflict with Ukraine. CEO Dan Glaser condemned the Russian government’s actions and emphasized the company's commitment to transferring ownership of its Russian businesses to local management. This strategic move highlights the firm's stance on ethical responsibility amidst global tensions, with annual revenues nearing $20 billion and operations across 130 countries.
