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 August 19, 2021, Qualtrics (Nasdaq: XM) and Mercer, a global HR consulting firm, announced a partnership aimed at enhancing employee experience and benefits programs. This collaboration allows organizations to utilize Qualtrics' XM Platform combined with Mercer's HR expertise to better understand employee attitudes and preferences. With nearly half the workforce planning to seek new jobs, the partnership seeks to help employers attract and retain talent by tailoring employee benefits and improving workplace experiences.
Marsh McLennan (NYSE: MMC) reported robust financial results for Q2 2021, achieving a consolidated revenue of $5.0 billion, a 20% year-over-year increase. Underlying revenue rose 13%, with operating income up 39% to $1.2 billion. Adjusted EPS grew by 33% to $1.75. The Risk & Insurance Services segment saw a 21% revenue boost, while Consulting grew by 17%. The company repurchased 2.4 million shares for $322 million and increased its quarterly dividend by 15% to $0.535. Performance reflects strong growth across all sectors, contributing to a positive outlook for the second half of the year.
Exadel, a global software engineering firm, partnered with Mercer to develop the Quality Assurance Automation Framework (QAAF), an advanced tool for automating testing of digital solutions. By integrating automated tests throughout development, QAAF enhances speed and quality while enabling a low-code approach. Key features include a user-friendly interface for test scenario creation and compatibility with various programming languages. Additionally, performance testing improvements were made using BlazeMeter. This collaboration symbolizes a shift towards increased automation in software development.
The Board of Directors of Marsh McLennan (NYSE: MMC) announced a 15% increase in its quarterly dividend from $0.465 to $0.535 per share. This dividend is payable on August 13, 2021, to stockholders of record on July 29, 2021. Marsh McLennan, a leading professional services firm with annual revenue of $17 billion, operates in risk, strategy, and people across 130 countries with 76,000 employees.
Marsh McLennan (NYSE: MMC) plans to announce its second quarter financial results on July 22, 2021, before market opening. Following the release, a teleconference will be held at 8:30 a.m. EDT, featuring discussions led by President and CEO Dan Glaser and CFO Mark McGivney. Investors can access the live audio webcast and replay via mmc.com. With an annual revenue exceeding $17 billion, Marsh McLennan provides services globally through four leading businesses focused on risk, strategy, and people.
Mercer emphasizes the transformative impact of COVID-19 on international mobility strategies, highlighting a shift towards diverse cross-border work arrangements. The company's latest survey indicates more organizations are adopting flexible assignment options to address cost of living changes and employee well-being. The 2021 Cost of Living City Ranking places Ashgabat at the top, followed by Hong Kong and Beirut. U.S. cities saw declines in ranking due to currency fluctuations, while Canadian cities rose. The survey supports firms in designing fair compensation for expatriates amidst evolving global dynamics.
S&P Global Market Intelligence and Oliver Wyman have launched Climate Credit Analytics, a new model suite designed to evaluate climate risk for over 700,000 companies. This initiative aids financial institutions in assessing the creditworthiness of investments in a low-carbon economy. The suite integrates S&P's advanced credit risk models with Oliver Wyman's climate scenario expertise, focusing on high carbon-emitting sectors. Notably, UBS will be the first bank utilizing this analytics tool for transition risk assessment.
Marsh McLennan (NYSE: MMC) has launched RISE, a unique global MBA fellowship program in partnership with the National Black MBA Association and Fisk University, aimed at promoting racial inclusion and social equity. Targeting second-year Black MBA candidates in the US, UK, and Canada, the initiative is designed to enhance business acumen and advocate for social justice. Starting in September 2021, the program includes a practical curriculum, mentorship from industry leaders, and an immersive experience at Fisk University. The launch coincides with Marsh McLennan's 150th anniversary.
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