Marsh & McLennan Companies, Inc. reports developments across risk, reinsurance and capital advisory, people and investment consulting, and management consulting. Company updates often center on Marsh Risk and its digital risk analytics tools, Mercer workforce, compensation, health and retirement advisory alliances, Oliver Wyman consulting operations, and Marsh McLennan Agency insurance, benefits, retirement and wealth solutions in the U.S. and Canada.
Recurring news also covers quarterly operating results, enterprise partnerships, AI-enabled service delivery, leadership and governance changes, material agreements, and capital-structure matters tied to the company's common stock and debt financing.
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.
Marsh McLennan Agency (MMA) has acquired Clark Insurance, a prominent independent agency in Maine, enhancing its presence in the New England region. Founded in 1931, Clark Insurance offers comprehensive business and personal insurance services. The acquisition includes Clark's five offices, with all 135 employees transitioning to MMA. CEO Jerry Alderman noted that Clark's reputation for quality service and a collaborative culture aligns with MMA's values. This strategic move aims to provide clients with improved resources and opportunities, further strengthening MMA's market position.
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Marsh McLennan (NYSE: MMC) held its annual stockholders' meeting, where the board of directors was unanimously elected for a one-year term. Notably, Marc D. Oken, a director since 2006, announced his retirement and did not seek re-election. CEO Daniel S. Glaser expressed gratitude for Oken's significant contributions over 16 years. Additionally, stockholders ratified Deloitte & Touche LLP as the company's independent accounting firm for 2022 and approved executive compensation in a nonbinding vote. The company reported annual revenue of approximately $20 billion.
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On May 9, 2022, the National Council on Compensation Insurance (NCCI) donated $25,000 to Kids' Chance of America during its Annual Issues Symposium (AIS) 2022 golf tournament in Orlando, FL. This initiative aims to support college scholarships for young individuals impacted by a parent's workplace injury or death. Over 8,700 scholarships worth more than $30 million have been awarded by Kids' Chance across the country. NCCI's president emphasized the importance of this support for families facing financial challenges due to serious workplace injuries.
Mercer has appointed Max Messervy as the new Head of Sustainable Investment in the Americas. With a focus on sustainable investing, Messervy aims to meet the growing demand for socially responsible investment options, particularly given that 36% of workers seek these in retirement plans. Mercer has committed over USD $80B to net-zero targets and implemented USD $30B in sustainable investment solutions. Messervy’s role will address increasing regulatory scrutiny and investor demands around ESG practices.