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.
Mercer has appointed Ravin Jesuthasan as the Global Leader for Transformation Services, based in Chicago. He will lead the company's Transformation Center of Excellence and report to Ilya Bonic. With nearly 30 years in HR consulting, Jesuthasan previously led Willis Towers Watson's Talent and Rewards practice. His expertise in workforce transformation is expected to aid organizations as they adapt post-COVID-19. Mercer, part of Marsh & McLennan (NYSE: MMC), employs over 25,000 people across 44 countries.
Marsh & McLennan Agency LLC (MMA) has acquired Compass Financial Partners, a retirement consulting and investment advisory firm based in Greensboro, North Carolina. Although the acquisition terms were undisclosed, Compass manages over $14 billion in plan assets and offers services to both institutions and individuals. Following the acquisition, Compass leaders Kathleen Kelly and George Hoyle will join MMA, enhancing their retirement services expertise. MMA aims to integrate health, wealth, and retirement solutions for clients through this strategic move.
Marsh & McLennan Companies (NYSE: MMC) will announce its fourth quarter financial results on January 28, 2021, before market opening. The earnings report will be followed by a teleconference at 8:30 a.m. EDT, hosted by President and CEO Dan Glaser and CFO Mark McGivney. The company, which operates globally with 76,000 employees and annual revenue of $17 billion, provides services in risk, strategy, and people. Investors can access the news release and webcast on mmc.com.
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Marsh & McLennan Agency (MMA), a subsidiary of Marsh, has acquired INSPRO, a prominent independent agency based in Nebraska. This acquisition marks MMA's initial expansion into Nebraska and Iowa, furthering its reach across the U.S. INSPRO, with over 80 years in the business insurance sector, will retain its 138 employees and continue operations from multiple locations. MMA anticipates leveraging INSPRO's services and expertise to enhance client offerings in a growing regional market.
Mercer announced that its global assets under management reached $321.4 billion USD as of September 30, 2020. President Rich Nuzum noted that the pandemic significantly boosted interest in investment solutions due to a liquidity crisis and market volatility. Mercer ranked first in worldwide outsourced assets under management as of March 2020. The firm's OCIO investment solutions have become vital as clients seek enhanced governance and operational management to navigate complex portfolios and market conditions.
S&P Global Market Intelligence and Oliver Wyman have partnered with Citi to facilitate its transition to a low-carbon economy through the use of Climate Credit Analytics. This innovative analytics tool assesses the impact of climate risks on creditworthiness, combining S&P's advanced credit risk models with Oliver Wyman's climate scenario expertise. Citi becomes the first bank to implement this tool, enhancing its climate risk analysis as part of its Sustainable Progress Strategy and TCFD initiatives.
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