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.
The Board of Directors of Marsh McLennan (NYSE: MMC) has appointed Judith Hartmann and Ray G. Young as new directors, expanding the Board to 15 members. Hartmann, former Deputy CEO and CFO of ENGIE, has significant experience in finance and international operations, while Young served as Vice Chairman and CFO of ADM. The Chairman emphasized the importance of corporate governance and succession planning. Company executives expressed confidence that the new appointees will enhance the Board with their expertise in governance and leadership.
Marsh McLennan (NYSE: MMC) is set to announce its first quarter financial results on April 20, 2023, before market opening. The results will be available on marshmclennan.com. Following the announcement, President and CEO John Doyle and CFO Mark McGivney will host a teleconference at 8:30 a.m. EDT, including a Q&A session for investors. Marsh McLennan, a leader in risk, strategy, and consulting services, employs over 85,000 professionals globally and generates annual revenue exceeding $20 billion.
The Board of Directors of Marsh McLennan (NYSE: MMC) has declared a quarterly dividend of $0.590 per share on outstanding common stock. This dividend is payable on May 15, 2023, to stockholders of record on April 5, 2023. Marsh McLennan, a global leader in professional services focused on risk, strategy, and people, generates over $20 billion in annual revenue and operates in 130 countries with more than 85,000 colleagues. The company is renowned for its ability to help clients manage complex environments through its four main businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman.
Marsh McLennan (NYSE: MMC) has priced $600,000,000 of its 5.450% Senior Notes due 2053. The company will use the proceeds for general corporate purposes, with the offering expected to close on March 9, 2023, pending customary conditions. Barclays Capital, HSBC Securities, and Morgan Stanley are the joint book-running managers for the offering. An effective shelf registration statement relating to the Notes has been filed with the SEC. Investors are encouraged to read the prospectus for complete information regarding this offering.
Mercer, a business of Marsh McLennan (NYSE: MMC), has acquired Leapgen, a leading HR technology advisory firm. This acquisition strengthens Mercer's position in the growing digital HR strategy market. According to Jean Martin, Senior Partner at Mercer, Leapgen will enhance HR transformation solutions, enabling organizations to better align technology with their unique needs. With more than 16 HR systems commonly deployed in organizations, and increasing HR tech spending, the need for strategic advice is evident. This move aims to improve workforce technology and employee experience outcomes amidst an evolving digital landscape.
Marsh McLennan (NYSE: MMC) reported its financial results for Q4 and the full year 2022, showcasing a 5% revenue growth to $20.7 billion, with an underlying revenue growth of 9%. Q4 revenue totaled $5.0 billion, down 2% year-over-year, but adjusted operating income increased 13% to $1.0 billion. The overall GAAP EPS for 2022 was $6.04, while adjusted EPS rose 11% to $6.85. Noteworthy items in Q4 totaled $344 million related to workforce and technology changes. The company repurchased 12.2 million shares for $1.9 billion during 2022. CEO John Doyle highlighted the strong performance and ongoing investments in talent and capabilities.
The Board of Directors of Marsh McLennan (NYSE: MMC) has declared a quarterly dividend of $0.590 per share on outstanding common stock. This dividend is scheduled for payment on February 15, 2023, to stockholders of record as of January 26, 2023. With over $20 billion in annual revenue, Marsh McLennan, a leading professional services firm, offers risk, strategy, and human capital solutions across four market-leading businesses.
Marsh McLennan Agency (MMA) has announced the acquisition of HMS Insurance Associates, a major independent agency based in Hunt Valley, Maryland. Although the financial terms of the deal were not disclosed, this acquisition aims to enhance MMA's service offerings in the Mid-Atlantic region. HMS, founded in 1943, specializes in property/casualty insurance and employee benefits, boasting a strong workforce of over 120 employees. The integration is expected to bolster MMA's capacity for customer service and employee development, aligning with their strategic goals for growth.
Marsh McLennan (NYSE: MMC) will announce its fourth quarter financial results on
Salary.com announced a reseller agreement with Mercer, enhancing its compensation data offerings amidst a challenging labor market. This partnership enables Salary.com to provide its 8,000+ software subscribers access to over 90 Mercer surveys across various industries. Customers can now utilize Mercer data alongside Salary.com's existing compensation solutions to streamline survey management and analysis. Salary.com serves over 30,000 organizations globally, emphasizing the importance of accurate compensation data for attracting and retaining talent.