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.
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Marsh McLennan Agency (MMA) has acquired McDonald Zaring Insurance (MZI), expanding its operations in Walla Walla, Washington. Founded in 1932, MZI serves a diverse clientele, including agri-business and health clinics. All 19 employees from MZI will join MMA, establishing a new office in the region. MMA's CEO for the Northwest region highlighted the alignment of MZI's client-focused approach with MMA's values, while MZI's leadership expressed excitement over enhanced resources and development opportunities for employees.
Risk Management Association and Oliver Wyman report highlights increasing pressures on Chief Risk Officers (CROs) as they prepare for 2023. Key challenges identified include a looming recession, heightened consumer compliance, and cyber risks. The survey involved over 40 North American bank CROs managing assets from $25 billion to over $1 trillion. Main priorities for CROs include recession readiness (52%) and consumer compliance (48%). A significant 80% of CROs expect competition for deposits to intensify, raising concerns about funding and liquidity risks.
Lattice has launched a new product, Lattice Compensation, integrating Mercer Compensation Benchmark data to help companies make equitable pay decisions. This collaboration aims to simplify the compensation process for HR teams, offering global data tailored to company size, industry, and job titles. Driven by employee demand for transparency, Lattice's research shows 65% of employees desire clearer pay practices. Mercer’s data is available at no extra charge for current users, reflecting the importance of data-informed strategies in a changing labor market.
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Oliver Wyman, a business of Marsh McLennan (NYSE: MMC), announced a record number of 78 new Partners and Executive Directors for 2023, marking the largest promotion class in its history. The promotions take effect on January 1, 2023. CEO Nick Studer highlighted the extraordinary contributions of these leaders, emphasizing the firm's culture of depth, creativity, and collaboration. Oliver Wyman operates globally with over 6,000 professionals in more than 70 cities, focusing on management consulting across various sectors.
Marsh McLennan Agency (MMA) has announced the acquisition of Bradley Insurance Agency, a prominent commercial insurance broker in Knoxville, Tennessee. While specific terms of the acquisition were not disclosed, this strategic move aims to enhance MMA's presence and insurance expertise in the Southeast region. Founded in 1972, Bradley Insurance has a longstanding reputation for serving various industries. All employees, including the leadership team, will join MMA, indicating a commitment to local businesses and an expansion of service capabilities.
Marsh McLennan Agency (MMA) has acquired Focus Insurance, a Houston-based personal insurance brokerage, enhancing its presence in the Southwest region. Founded in 2001, Focus Insurance specializes in personalized insurance solutions across the U.S. All employees, including Vice President Mickie Comiskey, will join MMA, which aims to leverage its resources to provide comprehensive programs. MMA's CEO for the Southwest region, Bill Henry, emphasized the strategic importance of this acquisition for continued regional growth.
On November 1, 2022, Oliver Wyman, a Marsh McLennan business, announced the acquisition of Avascent, a management consulting firm specializing in the Aerospace and Defense sector. This acquisition enhances Oliver Wyman's capabilities within the A&D market, leveraging Avascent's expertise in corporate and private equity consulting. The integration will involve around 130 Avascent professionals, including 10 partners, into Oliver Wyman's practices. The financial details of the transaction remain undisclosed.