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.
On January 26, 2022, SecurityScorecard announced a partnership with Marsh McLennan to enhance cyber resilience for organizations globally. Marsh McLennan's Cyber Risk Analytics Center will utilize SecurityScorecard's analytics for real-time cyber risk insights to develop mitigation strategies. Both companies aim to raise awareness of cyber risk through joint research. This collaboration is significant in a rapidly evolving cyber risk environment, helping clients navigate emerging threats effectively.
The Board of Directors of Marsh McLennan (NYSE: MMC) has declared a quarterly dividend of $0.535 per share on outstanding common stock. This dividend is scheduled to be paid on February 15, 2022, to stockholders of record on January 27, 2022. With an annual revenue exceeding $19 billion, Marsh McLennan operates in 130 countries, focusing on risk, strategy, and people.
Mercer, a leader in redefining work and investment outcomes (NYSE: MMC), has appointed Holly Verdeyen as the US Defined Contribution Leader. Based in Chicago, her role will focus on strategy, development, and growth in the defined contribution sector. Reporting to Chris Mahoney, Verdeyen's extensive experience in institutional investment includes leadership at Russell Investments and UBS. The press release emphasizes the importance of retirement preparedness and the evolving needs of clients, positioning Mercer to address new challenges in the defined contribution landscape.
Marsh McLennan (NYSE: MMC) is set to release its fourth quarter financial results on January 27, 2022, before market opening. The results will be available on their website. Following the announcement, top executives including President and CEO Dan Glaser and CFO Mark McGivney will host a teleconference at 8:30 a.m. EST for investors, featuring a Q&A session. Marsh McLennan boasts over $19 billion in annual revenue, advising clients in 130 countries across various sectors.
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.
Summary not available.
Summary not available.
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.