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 professional services firm in the finance and insurance sector, active in insurance brokerage, risk and reinsurance services, investment and retirement advisory, workforce consulting and management consulting. News about Marsh McLennan and its businesses highlights developments in risk, strategy and people across its four main businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.
On this page, readers can find news about Marsh McLennan’s corporate actions, such as authorizations of share repurchase programs and changes to its New York Stock Exchange ticker symbol in connection with a brand change to Marsh. Coverage also includes governance and leadership updates disclosed through company communications and SEC-referenced announcements.
Marsh-related news often focuses on risk topics and insurance brokerage activities, including research on cyber risk, ransomware, and third-party cyber incidents, as well as regional expansion moves through Marsh McLennan Agency acquisitions of local insurance brokerages. Mercer-related news features remuneration and workforce insights, such as total remuneration surveys that analyze salary trends, incentive plans and benefits, and announcements regarding workplace savings and private market investment vehicles.
Oliver Wyman news commonly centers on management consulting insights and collaborative reports with organizations like the World Economic Forum and industry associations, addressing themes such as the global sports economy and the industrial goods sector. Together, these updates provide a view into how Marsh McLennan’s businesses engage with clients and industries worldwide. Investors and observers can use this news feed to follow Marsh McLennan’s research publications, strategic transactions, and other significant announcements across its risk, reinsurance, investments and consulting activities.
Oliver Wyman has announced its agreement to acquire Avascent, a top-tier management consulting firm in the aerospace and defense sector. This acquisition aims to enhance Oliver Wyman's expertise, particularly in serving corporate and private equity clients. Avascent, with over 130 professionals globally, will integrate into Oliver Wyman's existing practices, expecting to close the deal by year-end. The transaction's financial terms remain undisclosed, but the merger is anticipated to strengthen Oliver Wyman's position in the aerospace and defense market.
The 14th annual Mercer CFA Institute Global Pension Index (MCGPI) ranks Iceland as the top retirement income system for the second consecutive year, with an index score of 84.7. The Netherlands and Denmark follow closely with scores of 84.6 and 82.0, respectively. The study covers 44 pension systems, affecting 65% of the global population, highlighting a shift from defined benefit to defined contribution plans, increasing financial risks for retirees. Key recommendations for reform include enhancing retirement benefits amidst challenges like inflation and rising interest rates.
Mercer, a division of Marsh McLennan (NYSE: MMC), has appointed Marc Cordover as the new US Investments and Retirement Leader, effective immediately. Cordover, previously the East Wealth Market Business Leader, will oversee Mercer’s investment and retirement solutions and will report to Pat Tomlinson, President of US & Canada. With over 25 years of experience at Mercer, Cordover brings a strong track record in client management and leadership. His appointment aims to strengthen Mercer's capabilities in addressing client challenges amid financial volatility.
Oliver Wyman, a global management consulting firm and a business of Marsh McLennan (NYSE: MMC), announced the launch of a new actuarial practice in the Asia Pacific region, aimed at serving its expanding client base. Marco Warmelink will lead this new team from Hong Kong, bringing over 25 years of life insurance industry experience. This strategic move is expected to enhance Oliver Wyman's offering in the region and bolster its growth trajectory.
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Mercer, a subsidiary of Marsh McLennan (NYSE: MMC), has appointed Beth Kirk Malecki as the new Senior Partner and CEO for the US Central Market. Effective immediately, she will also join the US & Canada Leadership Team and focus on delivering inclusive experiences to clients and colleagues from her base in Chicago. With over 25 years in market leadership and client management, Malecki aims to address significant challenges faced by clients, such as labor shortages and employee engagement, while leveraging Mercer's strong market presence.
Marsh McLennan's Guy Carpenter has signed an exclusive agreement with TNEDICCA to integrate advanced traffic-crash intelligence into its services. This partnership will enhance auto analytics for insurance carriers, utilizing TNEDICCA's geocoded police crash report data to provide accurate risk assessments in the US auto market. The collaboration is poised to improve ratemaking and underwriting strategies for insurers, ultimately fostering profitability and innovation within the auto insurance sector.
Marsh McLennan (NYSE: MMC) has appointed John Q. Doyle as President and CEO, effective January 1, 2023, following the retirement of Daniel S. Glaser. Glaser led the company for a decade, growing revenues from $12 billion to over $20 billion and overseeing strategic acquisitions, including a $5.6 billion purchase in 2019. Doyle, previously Group President and COO, has extensive experience in insurance management and aims to drive innovation and growth for the company.
The Board of Directors of Marsh McLennan (NYSE: MMC) announced a quarterly dividend of $0.590 per share on outstanding common stock, payable on November 15, 2022. Stockholders of record on October 7, 2022 will receive this dividend. The company, a leading professional services firm with an annual revenue of approximately $20 billion, advises clients across 130 countries through its four market-leading businesses, focusing on risk, strategy, and people.
Marsh McLennan (NYSE: MMC) will release its third quarter financial results on October 20, 2022, before the market opens. A teleconference will follow at 8:30 a.m. EDT, featuring CEO Dan Glaser and CFO Mark McGivney, providing insights and a Q&A session for investors. The firm's global reach spans 130 countries with an annual revenue of approximately $20 billion, indicating significant market presence. The release will be accessible on marshmclennan.com.