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 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.
A new report from Oliver Wyman reveals significant disparities in leadership perceptions between men and women. While men prioritize traits like directness and decisiveness, women emphasize empowerment and collaboration. Notably, only 6% of US CEOs are female, with women often feeling underrepresented in corporate leadership. The report indicates that sponsorship is crucial for women's advancement, with 95% of women interviewed citing a sponsor's influence on their success. The study, based on over 160 interviews, calls for corporate culture changes to enhance inclusion.
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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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