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Marsh & McLennan Companies, Inc. - $MMC STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Marsh & McLennan Companies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Marsh & McLennan Companies's position in the market.

Rhea-AI Summary

Marsh McLennan (NYSE: MMC) introduced Sentrisk, an AI-powered platform to revolutionize global supply chain risk management. With the rising threat to supply chains from geopolitical tensions and climate-related events, Sentrisk offers advanced technologies to map supply chains comprehensively and develop risk mitigation strategies. The tool provides deep insights into supply chain vulnerabilities, alerting users of disruptions and offering risk advisory services. Sentrisk addresses natural hazards, geopolitical, climate-related, reputational risks, and single-supplier dependencies, enhancing clients' resilience.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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AI
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Rhea-AI Summary

Marsh McLennan Agency, a subsidiary of Marsh, acquires AC Risk Management, an independent commercial lines brokerage in Melville, New York, specializing in property/casualty insurance for the construction industry. The terms of the acquisition were not disclosed. ACRM employees, including CEO Matt Avellino, will continue working in their Melville office. The move aims to enhance risk mitigation services for businesses in the Long Island community.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.21%
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Rhea-AI Summary
Mercer, a business of Marsh McLennan, successfully raised over $3.9 billion for Mercer Private Investment Partners VII (PIP VII), attracting new institutional investors and showcasing a strong global client base. The fund offers access to various private market opportunities like private equity, debt, infrastructure, and real assets. Mercer's focus on meeting client needs and navigating market complexities positions them as a leader in the private markets space.
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End-of-Day
0.26%
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Rhea-AI Summary
Marsh McLennan Agency, a subsidiary of Marsh, is set to acquire Fisher Brown Bottrell Insurance, Inc. (FBBINSURANCE) for $315.9 million. This acquisition will strengthen Marsh McLennan's presence in the Southeast region, with FBBINSURANCE being one of the top five largest bank-affiliated insurance agencies in the country. The deal is expected to close in the second quarter of 2024, pending regulatory approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.38%
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Rhea-AI Summary
The press release highlights the increasing risks posed by more frequent and extreme weather events to employee health and business performance. The newly formed National Commission on Climate and Workforce Health emphasizes the need to enhance people, business, and economic resilience. CEOs recognize extreme weather as a critical threat, but only 17% have invested in strategies to protect employees. Exposure to extreme heat, poor air quality, and unprecedented weather events impacts physical and mental health, leading to significant productivity loss. The Commission aims to quantify health care cost implications, recommend risk-mitigating actions, and identify innovative solutions for employee protection.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
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Rhea-AI Summary
Marsh McLennan (NYSE: MMC) reported strong financial results for the first quarter of 2024, with a 9% increase in GAAP revenue and underlying revenue. GAAP operating income grew by 12%, adjusted operating income by 11%, and EPS by 14%. The company's consolidated revenue reached $6.5 billion, with notable growth in Risk & Insurance Services and Consulting segments. Marsh McLennan also completed strategic acquisitions during the quarter, positioning itself for continued success in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
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Rhea-AI Summary
Marsh McLennan's Mercer and Oliver Wyman release the 2024 Global Insurance Survey, revealing insurers' plans to invest in private markets and private debt. Market volatility poses challenges, with insurers reevaluating fixed income strategies. Sustainability considerations are increasing globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.54%
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Rhea-AI Summary
Oliver Wyman, a part of Marsh McLennan, announces the rebranding of CAVOK and SeaTec Consulting Inc. to Oliver Wyman Vector in the transportation industry. The new entity will offer technical expertise in aviation, aerospace, defense, and rail sectors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
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Rhea-AI Summary
Marsh McLennan (MMC) will announce its first quarter financial results on April 18, 2024, before the market opens. President and CEO John Doyle and CFO Mark McGivney will lead a teleconference with investors. The webcast will be available on marshmclennan.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.49%
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conferences earnings
Rhea-AI Summary
Mercer, a global investments leader, completes the acquisition of Vanguard's Outsourced Chief Investment Officer business, expanding its investment solutions in the US. The acquisition enhances Mercer's capabilities and expertise, offering clients access to a broad range of investment resources and talent.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
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Marsh & McLennan Companies, Inc.

NYSE:MMC

MMC Rankings

MMC Stock Data

100.37B
490.41M
0.08%
90.06%
0.75%
Insurance Agencies and Brokerages
Finance and Insurance
Link
United States of America
NEW YORK

About MMC

Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.