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 has increased its ownership stake in Marsh India Insurance Brokers Pvt. Ltd. from 49% to 92%. This move aims to better address the complex needs of businesses in India's rapidly growing economy. Alex Moczarski, Chairman of Marsh McLennan International, highlighted the investment as a commitment to providing top-notch risk management solutions. Since its inception in 2003, Marsh India has become a market leader, serving over 5,500 corporate clients. The deal has been approved by the Insurance Regulatory and Development Authority of India.
Marsh McLennan (NYSE: MMC) has priced $400 million of 2.375% Senior Notes due 2031 and $350 million of 2.900% Senior Notes due 2051. The net proceeds will be used for general corporate purposes, including potential repayment of $500 million in 2.750% Senior Notes maturing on January 30, 2022. The offering's closing is slated for December 8, 2021, pending customary conditions. Bank of America, Citigroup, J.P. Morgan, and Wells Fargo are joint book-running managers for the offering.
On December 1, 2021, Oliver Wyman announced the promotion of 62 senior professionals to Partners, marking the largest class of new Partners in the firm's history. Effective January 1, 2022, these individuals are set to enhance client services globally. According to CEO Nick Studer, this new class comprises talented advisors dedicated to client and organizational success. Oliver Wyman is a leading management consulting firm with over 5,000 professionals across 60 cities, specializing in strategy, operations, risk management, and organizational transformation.
Marsh McLennan Agency (MMA) has acquired InSource Insurance Group LLC, an independent agency based in Texas. This strategic move enhances MMA's presence in the Southwest region, particularly in the energy sector, aligning with InSource's expertise in providing business insurance and employee benefits since 1986. InSource brings 45 employees from Midland and Odessa, Texas, strengthening MMA's regional capabilities. Although transaction terms were not disclosed, this acquisition is anticipated to bolster client service and offerings in West Texas.
Marsh has appointed Pat Donnelly as President of Marsh US and Canada, effective January 1, 2022. Donnelly, who has over 20 years of experience in the industry, will succeed Martin South, recently appointed President and CEO of Marsh. His leadership is expected to guide Marsh through a challenging risk landscape while enhancing client solutions. Marsh McLennan, the parent company, reports annual revenue exceeding $18 billion and operates globally with around 40,000 employees.
Marsh McLennan (NYSE: MMC) announced major executive changes effective January 1, 2022.
Marsh McLennan Agency (MMA) has expanded its presence in the Mid-Atlantic region by acquiring Pelnik Insurance, a prominent independent agency based in North Carolina. Founded in 1994 and employing 19 people, Pelnik specializes in business insurance, employee health and benefits, and private client services. All Pelnik employees will join MMA, enhancing the agency's capabilities and client offerings in the region. CEO John Stanchina emphasized the strategic importance of this acquisition for growth and quality service delivery.
Marsh McLennan Agency (MMA) has acquired Southwest Truck Insurance Agency, a prominent independent agency in Irving, Texas, specializing in insurance for the trucking industry. Founded in 1986, Southwest Truck Insurance has expertise in domestic and cross-border trucking, serving clients in the U.S. and Mexico. All employees, led by President John Phillips, will continue with MMA. This acquisition strengthens MMA's capabilities in the trucking sector and is expected to enhance service delivery and client solutions amidst growing industry demands.
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