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.
Huron (NASDAQ: HURN) has signed an agreement to divest its Life Sciences Business to Oliver Wyman, a unit of Marsh McLennan (NYSE: MMC). This strategic move is aimed at enhancing Huron's focus on organic revenue growth and margin expansion. The Life Sciences Business contributed approximately 2% of Huron's total revenue for the nine months ended September 30, 2021. The transaction is anticipated to close in November 2021 and is projected to have minimal impact on Huron's full-year 2021 financial guidance. The company plans to use the proceeds to reduce debt and pursue strategic acquisitions.
Marsh McLennan (NYSE: MMC) will announce its third quarter financial results on October 21, 2021, before market opening. Following the announcement, President and CEO Dan Glaser and CFO Mark McGivney will host a teleconference at 8:30 a.m. EDT. Investors can participate by dialing 1 866-437-7574 or +1 409-220-9376 for international calls, using access code 4336169. Marsh McLennan, with over $18 billion in annual revenue, provides services in risk, strategy, and people to clients in 130 countries.
The Board of Directors of Marsh McLennan (NYSE: MMC) has announced a quarterly dividend of
The recent survey by Oliver Wyman and the International Aviation Womens Association (IAWA) reveals troubling insights into the aviation industry. A staggering 59% of women in leadership roles have considered leaving due to negative experiences. The study surveyed 450 aviation professionals and found that women face slower career advancement compared to men, with only 8% of men reporting similar delays. Key recommendations include improving corporate culture, redesigning systems for balance, and increasing sponsorship opportunities for women.
Marsh McLennan (NYSE: MMC) has launched its Flood Risk Index, aimed at helping governments and organizations assess their vulnerability to flooding. With over 2.2 billion people at risk and flood disasters causing over $1 trillion in damages since 1980, this tool is timely. The Index evaluates 188 countries based on hazard, exposure, and vulnerability to flooding, highlighting severe risks in major economies like the U.S., Japan, and China. The initiative provides crucial data for mitigating flooding's impacts on populations and assets.
Marsh McLennan Agency (MMA) has announced the acquisition of Vaaler Insurance, Inc., a major independent agency in North Dakota. Founded in 1947, Vaaler specializes in business insurance, employee benefits, and personal lines with a strong focus on the construction, education, and healthcare sectors. The integration aims to enhance client services and leverage new resources from MMA. CEO Bruce Vaaler will continue to manage Vaaler's operations. Terms of the acquisition were not disclosed, but this move is expected to strengthen MMA's foothold in the Upper Midwest.
On August 19, 2021, Qualtrics (Nasdaq: XM) and Mercer, a global HR consulting firm, announced a partnership aimed at enhancing employee experience and benefits programs. This collaboration allows organizations to utilize Qualtrics' XM Platform combined with Mercer's HR expertise to better understand employee attitudes and preferences. With nearly half the workforce planning to seek new jobs, the partnership seeks to help employers attract and retain talent by tailoring employee benefits and improving workplace experiences.
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