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.
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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.
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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.
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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.
Mercer has appointed Max Messervy as the new Head of Sustainable Investment in the Americas. With a focus on sustainable investing, Messervy aims to meet the growing demand for socially responsible investment options, particularly given that 36% of workers seek these in retirement plans. Mercer has committed over USD $80B to net-zero targets and implemented USD $30B in sustainable investment solutions. Messervy’s role will address increasing regulatory scrutiny and investor demands around ESG practices.
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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.