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 (NYSE: MMC) reported a strong financial performance for Q2 2022, with GAAP revenue increasing 7% to $5.4 billion. Underlying revenue rose 10%, and operating income grew 11% to $1.4 billion. GAAP EPS increased 19% to $1.91, while adjusted EPS rose 8% to $1.89. For the first half of 2022, consolidated revenue was $10.9 billion, up 8%. The company repurchased 3.8 million shares for $600 million and announced a 10% increase in its quarterly dividend to $0.590 per share. The report highlights robust demand for Marsh McLennan's services across its operations.
According to a recent Mercer poll at the Global Investment Forum, over 350 asset managers express uncertainty about the global economy, identifying overheating (26%), stagflation (24%), and hard landing (22%) as likely scenarios. Notably, 58% believe their equity portfolios should diverge from market cap weights, with 75% focusing on carbon transition. The poll highlights increased allocations to private markets, renewed interest in hedge funds, and emphasizes the importance of active manager selection for diversification and outperformance in volatile market conditions.
The Board of Directors of Marsh McLennan (NYSE: MMC) announced a 10.3% increase in its quarterly dividend, raising it from $0.535 to $0.590 per share. The dividend is scheduled for payment on August 15, 2022, to stockholders recorded on July 28, 2022. With annual revenues around $20 billion, Marsh McLennan continues to be a leader in professional services related to risk, strategy, and people, advising clients across 130 countries.
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Marsh McLennan Agency (MMA) has acquired CS Insurance Strategies, Inc., a Chicago-based insurance agency specializing in employee health, business insurance, and risk management. Founded in 2009, CS Insurance is minority-owned and serves diverse clients, particularly in municipal and non-profit sectors. The acquisition enhances MMA's capacity to deliver competitive solutions and expands growth opportunities for both organizations. All ten CS Insurance employees will join MMA, indicating a commitment to integrating local expertise into MMA's broader service offerings.
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Marsh McLennan (NYSE: MMC) will announce its second quarter financial results on July 21, 2022, prior to market opening. The results will be accessible via a press release on marshmclennan.com. Following the announcement, executives including President and CEO Dan Glaser will conduct a teleconference at 8:30 a.m. EDT to discuss the results and address investor queries. Marsh McLennan, a global leader in professional services, has an annual revenue of approximately $20 billion and serves clients in 130 countries.
Marsh McLennan (NYSE: MMC) announces the appointment of John Jones as Chief Marketing and Communications Officer and Pat Hagemann as Chief of Staff to the COO, effective July 1. Jones, with over 25 years of experience, previously served as Chief Marketing Officer of Marsh and will lead a new marketing organization. Hagemann, a 40-year veteran at Marsh, will oversee strategic projects and report on Business Resiliency Management and Security teams. These roles aim to enhance client impact and organizational agility.
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The Oliver Wyman Forum released a new white paper at the World Economic Forum, discussing a novel equity-market valuation model that outperforms traditional metrics like P/E and CAPE ratios. This model introduces a new valuation metric that is both timely and less volatile. The paper highlights ten critical insights into the US economy, critiques the traditional CAPM, and uncovers ten hidden risks in the Treasury market. These findings aim to aid investors and economic policymakers in making informed decisions based on a more accurate understanding of equity and Treasury dynamics.