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.
Marsh McLennan's Guy Carpenter has signed an exclusive agreement with TNEDICCA to integrate advanced traffic-crash intelligence into its services. This partnership will enhance auto analytics for insurance carriers, utilizing TNEDICCA's geocoded police crash report data to provide accurate risk assessments in the US auto market. The collaboration is poised to improve ratemaking and underwriting strategies for insurers, ultimately fostering profitability and innovation within the auto insurance sector.
Marsh McLennan (NYSE: MMC) has appointed John Q. Doyle as President and CEO, effective January 1, 2023, following the retirement of Daniel S. Glaser. Glaser led the company for a decade, growing revenues from
The Board of Directors of Marsh McLennan (NYSE: MMC) announced a quarterly dividend of $0.590 per share on outstanding common stock, payable on November 15, 2022. Stockholders of record on October 7, 2022 will receive this dividend. The company, a leading professional services firm with an annual revenue of approximately $20 billion, advises clients across 130 countries through its four market-leading businesses, focusing on risk, strategy, and people.
Marsh McLennan (NYSE: MMC) will release its third quarter financial results on October 20, 2022, before the market opens. A teleconference will follow at 8:30 a.m. EDT, featuring CEO Dan Glaser and CFO Mark McGivney, providing insights and a Q&A session for investors. The firm's global reach spans 130 countries with an annual revenue of approximately $20 billion, indicating significant market presence. The release will be accessible on marshmclennan.com.
Marsh, a leading insurance broker, has introduced a program allowing US clients to pay service fees using voluntary carbon offset credits and renewable energy certificates (RECs). This pioneering initiative aims to support the energy transition and clients' net zero carbon goals. Clients can transfer these credits to Bank of America, which then forwards proceeds to Marsh. The move aligns with the growing use of carbon credits and RECs following the Inflation Reduction Act, which promotes clean energy. Marsh continues to advocate for strong ESG frameworks in the insurance sector.
On September 19-21, 2022, over 300 healthcare leaders from 150 companies will gather in Chicago for the 10th annual Oliver Wyman Health Innovation Summit. Titled "New Norms, New Expectations", the event aims to address significant industry challenges such as competition and workforce issues while exploring opportunities for transformation. Keynote speakers include leaders from organizations like the Elton John AIDS Foundation, Rubicon Founders, and Houston Methodist Hospital. Attendees will engage in immersive exhibits and executive sessions focusing on the future of healthcare.
Oliver Wyman has completed the acquisition of Booz Allen Hamilton's strategy consulting business in MENA, significantly enhancing its expertise in sectors like financial services, energy, and sustainability. This strategic move, deemed one of the most significant in a decade, aims to address key client issues and opportunities. The integration will place Booz Allen's consulting practice within Oliver Wyman's UAE and KSA offices, expanding its global workforce to over 5,700 professionals across 70+ offices. Financial terms of the deal were not disclosed.
Marsh McLennan Agency (MMA) has announced the acquisition of Steinberg & Associates, Inc., a well-known independent agency located in Spartanburg, South Carolina. This strategic move aims to enhance MMA's client services in the region, extending their reach in North and South Carolina, and Georgia. Terms of the deal were not disclosed. The acquisition is expected to leverage Steinberg's expertise and provide improved resources for clients, while Hank Steinberg and his team will join MMA to further support their clientele.
Mercer, a global consulting firm under Marsh McLennan (NYSE: MMC), has announced a new Global Wealth leadership team aimed at enhancing its Investments & Retirement business. Effective September 1, Mick Dempsey becomes President of Investments & Retirement, succeeding Rich Nuzum, who now serves as Executive Director and Chief Investment Strategist. Chris Mahoney steps into the role of Global Defined Benefit/Defined Contribution Leader. This restructuring aims to drive innovation and meet evolving client needs in a dynamic investment landscape.
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