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.
Mercer has appointed Achim Lüder as Chief People Officer, tasked with enhancing the global people strategy for over 25,000 employees across 44 countries. Lüder, who has a 15-year history at Mercer, previously served as CEO of Mercer Germany. He succeeds Marcelo Modica, who has left after eight years. Carmen Fernandez, the incoming Chief Human Resources Officer, emphasizes Lüder's deep understanding of the company's culture and business needs. Norman Dreger takes over as CEO of Mercer Germany, bringing over two decades of leadership experience.
Mercer's Lorna Friedman was named one of Consulting magazine's 2020 Top 25 Consultants for Excellence in Healthcare. Leading Mercer's global COVID-19 response team, she has extensive experience in designing health solutions for multinational populations. Prior to Mercer, Friedman spent over a decade at CIGNA, focusing on strategic planning for emerging markets. The award ceremony, now virtual, will take place on October 8 at 5 PM ET. Herve Balzano, President of Health at Mercer, praised Friedman's leadership and expertise during these challenging times.
Marsh & McLennan Companies (NYSE: MMC) will release its third quarter financial results on October 29, 2020, before market opening. The earnings report will be accessible on mmc.com. Following the announcement, a teleconference with President and CEO Dan Glaser and CFO Mark McGivney is scheduled for 8:30 a.m. EDT, which will include a Q&A session. The teleconference can be accessed via phone or through a live audio webcast on the company's website.
According to the 2020 Urban Mobility Readiness Index by the Oliver Wyman Forum, Singapore ranks first, followed by London. The index evaluated 50 cities based on criteria such as infrastructure and adaptability to technologies. Noteworthy European cities like Amsterdam, Helsinki, Berlin, and Paris secured top ten positions, illustrating their enhanced mobility options and sustainability practices. The report emphasizes the importance of these rankings in addressing future urban challenges, especially post-COVID.
The 2020 Urban Mobility Readiness Index ranks Singapore, London, Stockholm, Hong Kong, and Amsterdam as the top cities based on infrastructure and innovation. The study by Oliver Wyman Forum analyzed 50 cities across 56 metrics, highlighting the importance of adaptability to future technologies. Singapore leads due to its traffic management and automated systems, while London ranks second for international connectivity. European cities excel in mass transit and clean mobility, showcasing resilience during challenges like COVID-19.
Marsh & McLennan Companies (NYSE: MMC) announced leadership changes effective January 1, with Carmen Fernandez appointed as Senior Vice President and Chief Human Resources Officer, and Paul Beswick as Senior Vice President and Chief Information Officer. Both will report to CEO Dan Glaser and join the Executive Committee, succeeding Laurie Ledford and Scott Gilbert. Glaser commended their contributions in modernizing HR and technology. Fernandez has 15 years at the firm, while Beswick brings over two decades from Oliver Wyman.
Mercer has announced that Stephen Woodcock, a partner in their London office, has been named one of CIO magazine's 2020 Knowledge Brokers, recognizing him as an influential investment consultant. With over ten years in Liability Driven Investments and risk management, Woodcock has significantly contributed to UK pension schemes. Rich Nuzum, Global President of Mercer’s Investments and Retirement business, praised Woodcock's leadership and impact on client investment strategies. Mercer, a business of Marsh & McLennan (NYSE: MMC), operates globally with over 25,000 employees.
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