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) 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.
Marsh McLennan (NYSE: MMC) reported robust financial results for Q2 2021, achieving a consolidated revenue of $5.0 billion, a 20% year-over-year increase. Underlying revenue rose 13%, with operating income up 39% to $1.2 billion. Adjusted EPS grew by 33% to $1.75. The Risk & Insurance Services segment saw a 21% revenue boost, while Consulting grew by 17%. The company repurchased 2.4 million shares for $322 million and increased its quarterly dividend by 15% to $0.535. Performance reflects strong growth across all sectors, contributing to a positive outlook for the second half of the year.
Exadel, a global software engineering firm, partnered with Mercer to develop the Quality Assurance Automation Framework (QAAF), an advanced tool for automating testing of digital solutions. By integrating automated tests throughout development, QAAF enhances speed and quality while enabling a low-code approach. Key features include a user-friendly interface for test scenario creation and compatibility with various programming languages. Additionally, performance testing improvements were made using BlazeMeter. This collaboration symbolizes a shift towards increased automation in software development.
The Board of Directors of Marsh McLennan (NYSE: MMC) announced a 15% increase in its quarterly dividend from $0.465 to $0.535 per share. This dividend is payable on August 13, 2021, to stockholders of record on July 29, 2021. Marsh McLennan, a leading professional services firm with annual revenue of $17 billion, operates in risk, strategy, and people across 130 countries with 76,000 employees.
Marsh McLennan (NYSE: MMC) plans to announce its second quarter financial results on July 22, 2021, before market opening. Following the release, a teleconference will be held at 8:30 a.m. EDT, featuring discussions led by President and CEO Dan Glaser and CFO Mark McGivney. Investors can access the live audio webcast and replay via mmc.com. With an annual revenue exceeding $17 billion, Marsh McLennan provides services globally through four leading businesses focused on risk, strategy, and people.
Mercer emphasizes the transformative impact of COVID-19 on international mobility strategies, highlighting a shift towards diverse cross-border work arrangements. The company's latest survey indicates more organizations are adopting flexible assignment options to address cost of living changes and employee well-being. The 2021 Cost of Living City Ranking places Ashgabat at the top, followed by Hong Kong and Beirut. U.S. cities saw declines in ranking due to currency fluctuations, while Canadian cities rose. The survey supports firms in designing fair compensation for expatriates amidst evolving global dynamics.
S&P Global Market Intelligence and Oliver Wyman have launched Climate Credit Analytics, a new model suite designed to evaluate climate risk for over 700,000 companies. This initiative aids financial institutions in assessing the creditworthiness of investments in a low-carbon economy. The suite integrates S&P's advanced credit risk models with Oliver Wyman's climate scenario expertise, focusing on high carbon-emitting sectors. Notably, UBS will be the first bank utilizing this analytics tool for transition risk assessment.
