Marsh & McLennan Companies, Inc. - MMC STOCK NEWS

Marsh McLennan Agency (MMA), a subsidiary of Marsh, has announced the acquisition of Hudson Shore Group, a leading employee benefits broker specializing in public and private sector clients. Based in Red Bank, NJ, Hudson Shore Group, founded in 2010, offers comprehensive employee benefits, consulting, and administrative services. The acquisition aims to enhance MMA's employee health and benefits programs, particularly for local school districts and municipalities. Financial terms were not disclosed. Hudson Shore Group's entire team, including founder and CEO Derek Dailey, will remain in their current roles.

Mercer, a business of Marsh McLennan (NYSE: MMC), has released its Survey on Health and Benefit Strategies for 2025. Despite rising healthcare costs, most US employers plan to maintain or even enhance their health benefits. Ed Lehman, US Health and Benefits Leader at Mercer, emphasized the importance of employers carefully assessing their health investments to balance cost and quality care.

The survey found that 36% of large employers will offer high-performance networks or alternative medical plans. There is also significant growth in inclusive reproductive health benefits. By 2025, 35% of large employers will provide pre-conception planning, and benefits for women returning to work post-parenthood will rise to 31%. Additionally, 45% of large employers currently offer IVF coverage, and resources for menopause management will increase from 4% to 18% next year.

Coverage for weight-loss medications is also expanding, with 27% of employers considering adding it despite high costs. Furthermore, over half of large employers are implementing or planning policies to address climate-related health impacts.

New Energy Risk (NER) and Westfield Syndicate have launched a new Lloyd’s lineslip, increasing capacity for technology performance insurance in the energy transition sector.

This initiative aims to support innovative technologies in areas such as fuel cells, hydrogen, and carbon capture. With the passage of the Inflation Reduction Act in the U.S. and similar support in the U.K. and Europe, the energy transition is at a critical juncture.

Since 2013, NER has enabled over $4 billion in capital deployments, with nearly $1 billion in the past year alone. Partnering with Lloyd’s, NER seeks to continue supporting the development of new technologies essential for climate and sustainability goals.

The additional capacity will help meet the growing demand for insurance in the renewable energy sector, with Guy Carpenter serving as the sole placing broker. This collaboration aims to address the insurance demand-supply gap in the energy transition space.

New Energy Risk (NER) and Westfield Syndicate have launched a new Lloyd’s lineslip to offer technology performance insurance and other innovative insurance products in the energy transition sector. This initiative boosts NER’s platform to support technologies like fuel cells, hydrogen, low-carbon fuels, and carbon capture, aiding global climate and sustainability goals. Guy Carpenter, as the sole placing broker, secured the required capacity for this lineslip. Since 2013, NER has facilitated over $4 billion in capital deployments, with a significant portion in the past 12 months. The collaboration aims to bridge the gap between insurance and renewable energy technologies, enhancing commercial viability and scalability.

Marsh McLennan (NYSE: MMC), the top professional services firm specializing in risk, strategy, and people, will announce their second-quarter financial results on Thursday, July 18, 2024, before the market opens. The results will be available on their official website. Following the release, President and CEO John Doyle, along with CFO Mark McGivney, will host a teleconference at 8:30 a.m. EDT to discuss the results and take questions from investors. The event will be streamed live on the company's website, with a replay accessible two hours post-event. Investors can register online to get the dial-in information required for participating in the Q&A session.

Oliver Wyman, a global management consulting leader under Marsh McLennan (NYSE: MMC), announced plans to acquire Veritas Total Solutions, a commodity trading advisory firm. The acquisition, expected to close in Q3 2024, aims to enhance Oliver Wyman's capabilities in risk, systems, analytics, and AI for commodity trading businesses. This deal promises to deliver top-tier trading optimization expertise and end-to-end advisory services. Veritas's team, known for their entrepreneurial spirit and deep market expertise, will join Oliver Wyman in Houston, Texas.

Mercer, a business unit of Marsh McLennan (NYSE: MMC), announced its planned acquisition of Cardano, a UK and Netherlands-based long-term savings specialist managing around $66 billion in assets. The deal, expected to finalize by the end of 2024 pending regulatory approvals, aims to enhance Mercer's wealth management services. Cardano offers a variety of pension-related services, including fiduciary management and investment advisory, and operates the third-largest UK master trust platform. Approximately 550 Cardano employees will join Mercer post-acquisition. This strategic move is intended to expand Mercer's reach in the pension and institutional investment markets globally.

Marsh McLennan Agency (MMA) has finalized its acquisition of Fisher Brown Bottrell Insurance, based in Jackson, Mississippi, from Trustmark National Bank. This acquisition enhances MMA's presence in Mississippi and strengthens its market position in Alabama and Florida. All employees of Fisher Brown Bottrell will integrate into MMA, maintaining operations from their current 10 locations. Founded in 1936, Fisher Brown Bottrell is one of the largest bank-affiliated insurance agencies in the U.S. and a leading agency in the Southeast, focusing on commercial property/casualty insurance, surety, and employee benefits services.

Marsh McLennan Agency (MMA), a subsidiary of Marsh, has acquired Perkins Insurance Agencies, based in Abilene, Texas. Established in 1977, Perkins offers commercial property and casualty and personal lines coverage, specializing in sectors like oil and gas, trucking, farm and ranch, and restaurants. Perkins' employees will continue to operate from their Abilene and Eastland offices. Matt Stadler, CEO of MMA's Southwest region, highlighted the acquisition as a strategic move to enhance MMA's service offerings in West Texas. CEO Mark Perkins noted that this merger will provide clients with access to a broader range of industry expertise and resources.