Welcome to our dedicated news page for Marsh & McLennan Cos. (Ticker: MMC), a resource for investors and traders seeking the latest updates and insights on Marsh & McLennan Cos..
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 Cos.'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 Cos.'s position in the market.
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Aptia appoints Jeff Williams as U.S. President and CEO, bringing extensive experience in benefits administration. Williams aims to drive innovation and deliver exceptional value to clients, leveraging his background in leading business growth at companies like Paychex and Alight Solutions.
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Marsh McLennan Agency (MMA) completes acquisitions of Querbes & Nelson and Louisiana Companies, doubling its presence in Louisiana. Kevin Briggs, Mike Belanger, and Ryan Allen take on key leadership roles.
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-0.13%
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Marsh McLennan (NYSE: MMC) partners with Ukrainian government and Lloyd’s to expand Unity insurance facility, offering affordable war risk insurance for non-military cargo, supporting Ukraine's export trade. Unity now covers iron ore, steel, and other key industries, providing hull and P&I war risk insurance at reduced premiums. Standby letters of credit from state-owned Ukrainian banks and insurers at Lloyd’s provide up to US$50 million coverage. The partnership aims to boost Ukraine's economy and global trade.
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-0.13%
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Mercer, a business of Marsh McLennan, launches Mercer SelectRx, a product leveraging Free Market Health's technology to drive competition among specialty pharmacies for cost savings. The platform aims to reduce specialty drug costs by up to 10% for employers and employees, offering a curated network of pharmacies with competitive pricing.
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-1.85%
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A new report by Oliver Wyman forecasts a 28% growth in the commercial aviation fleet over the next 10 years, expanding from 28,400 to 36,400 aircraft by 2034. The MRO sector is projected to grow almost 3% in 2024, reaching $104 billion and expanding 1.8% annually through 2034. Despite matching pre-COVID levels, the industry's growth will be slower at 2.5% annually. India is set to lead growth, surpassing China with a 13% expansion in the first five years of the forecast period.
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1.4%
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Marsh McLennan Agency (MMC) doubles its presence in Louisiana by acquiring two middle-market agencies, Querbes & Nelson and Louisiana Companies. The acquisitions aim to expand MMC's services in business insurance, employee benefits, and risk financing consulting across key industries in the state.
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0.29%
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Marsh McLennan (NYSE: MMC) announced the pricing of $500 million aggregate principal amount of its 5.150% Senior Notes due 2034 and $500 million aggregate principal amount of its 5.450% Senior Notes due 2054. The company plans to utilize the net proceeds for general corporate purposes. The Notes offering is expected to close on February 20, 2024, with notable book-running managers involved in the process.
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1.65%
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Oliver Wyman, a business of Marsh McLennan (NYSE:MMC), has completed the acquisition of SeaTec Consulting Inc, a leading provider of consulting, engineering, and digital expertise across the aviation, aerospace and defense, and transportation industries. SeaTec will join CAVOK, a division of Oliver Wyman, to help clients meet operations, cost, and reliability objectives. The terms of the transaction were not disclosed.
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Marsh McLennan (NYSE: MMC) reported full-year revenue growth of 10% with underlying revenue growth of 9%. Full-year GAAP operating income increased by 23%, with adjusted operating income rising by 17%. Additionally, full-year GAAP EPS was $7.53, while adjusted EPS increased by 17% to $7.99. The company's consolidated revenue in the fourth quarter of 2023 was $5.6 billion, representing an 11% increase compared to the same period in 2022. Operating income was $1.1 billion, and adjusted operating income rose by 16% to $1.2 billion. For the full year 2023, revenue reached $22.7 billion, a 10% increase compared with 2022, or 9% on an underlying basis. Risk & Insurance Services revenue was $3.3 billion in the fourth quarter of 2023, an 11% increase, and Consulting revenue was $2.3 billion, a 10% increase. The company also repurchased 1.3 million shares of stock for $250 million in the fourth quarter and repaid $250 million of senior notes that matured in October 2023.
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-3.83%
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Oliver Wyman Forum released a report on generative AI adoption, finding that over 50% of employees globally use AI at work, with varying levels of productivity. The report forecasts that AI-trained employees will rise in management ranks, but senior leaders express concern about an AI productivity disconnect.
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Marsh & McLennan Cos., Inc.
NYSE:MMC
MMC Rankings
MMC Stock Data
97.75B
490.41M
0.08%
90.06%
0.75%
Insurance Agencies and Brokerages
Finance and Insurance
US
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.