MARSH & MCLENNAN COMPANIES overview

Marsh McLennan [NYSE:MMC] and its business Oliver Wyman, a global leader in management consulting, announced today the launch of a new Generative AI tool for colleagues. The tool, called LenAI, was developed by Marsh McLennan’s Dublin Innovation Center in collaboration with Oliver Wyman Digital and is available to Marsh McLennan’s more than 85,000 colleagues worldwide. “We have some of the brightest minds in business working across our four businesses and a collaborative culture,” said...

Marsh, the world’s leading insurance broker and risk advisor and a business of Marsh McLennan, today announced that it has reached agreement to acquire 100% of the outstanding share capital of Honan Insurance Group Pty Ltd (Honan), a leading specialist insurance broker in the areas of corporate risk, employee benefits, and strata and real estate insurance. This includes the 80% holding of majority shareholder TA Associates (TA), a leading global private equity firm. Terms of the acquisition,...

Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the second quarter ended June 30, 2023. Commenting on the results, John Doyle, President and CEO, said: "We delivered another excellent quarter, demonstrating continued momentum and strength across our business. We generated underlying revenue growth of 11%, adjusted EPS growth of 16%, and we continued to expand margins." "I am proud of our...

The Board of Directors of Marsh McLennan (NYSE: MMC) today declared a 20% increase in the quarterly dividend from $0.590 to $0.710 per share on outstanding common stock, payable on August 15, 2023, to stockholders of record on July 27, 2023. About Marsh McLennan Marsh McLennan (NYSE: MMC) is the world’s leading professional services firm in the areas of risk, strategy and people. The Company’s more than 85,000 colleagues advise clients in 130 countries. With annual revenue of over $20...

Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today announced that it will work with the Ukrainian government to help it unlock access to the global insurance market. As part of the support, it will provide services on a pro-bono basis to design and deliver a risk data platform that will allow insurers to assess and underwrite war risks in the country with greater confidence. The announcement follows yesterday’s launch...

Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, will announce second quarter financial results via news release on Thursday, July 20, 2023, before the market opens. The news release will be available on marshmclennan.com. Following the news release, President and CEO John Doyle and CFO Mark McGivney will lead a teleconference with investors at 8:30 a.m. EDT. The discussion will include a question-and-answer session. The live...

Marsh McLennan (NYSE: MMC) today announced that, due to her recent appointment as Governor of Türkiye’s Central Bank, Hafize Gaye Erkan has stepped down as a member of its Board of Directors, effective immediately. As a member since early 2022, Ms. Erkan served on the Audit and Directors and Governance committees during her time on the Board. “We would like to thank Gaye for her service at Marsh McLennan and recognize the contributions of her insights and operational experience during her...