About the Company
Headquartered in New York City, New York, Marsh & McLennan Companies, Inc. is a professional services firm operating globally. The company does businesses in risk management, talent management, insurance brokerage, investment advisory, management consulting, and reinsurance services. As of 2020, it has an employee base of more than 76,000 individuals working under it and its four operating companies. These four companies are Marsh, Guy Carpenter, Oliver Wyman Group, and Mercer.
The company has a clientele spread across over 130 countries worldwide. It also provides solutions for 11 industries, namely public sector, M&A transaction support, cyber resilience, technology, healthcare, automotive, insurance, digital, retail/consumer products, financial institutions, and energy. Marsh & McLennan offers insights for six segments that are innovation in infrastructure, climate resilience, emerging risks, health societies, transformative technologies, and workforce for the future. It provides its Consulting services through two subsidiaries, Oliver Wyman Group and Mercer.
The company resulted from a partnership between Henry Wheelwright Marsh, Donald McLennan, and Daniel M. Burrows on 22nd December 1904. It soon became the largest insurance broker in the United States, and by 1906 it was renamed to Marsh & McLennan. In 1923, it acquired the reinsurance firm named Guy Carpenter & Company, only a year after it was established. Over the next few years, it has acquired several other organizations such as Putnam Investments in 1970 and Barker & Sloane in 1987.
Between 1997 to 2018, it acquired several other companies, for example, Johnson & Higgins in 1997, Delta Consulting Group in 2000, Oliver Wyman in 2003, and Jardine Lloyd Thompson in 2018. The company went public in 1962 and entered the Standard & Poor’s 500 Index on 31st August 1987. The company trades in the New York Stock Exchange (NYSE) under the trading symbol MMC shares. It has been a Fortune 500 company for several years, and as of 2020, it ranks 195th in the list. The same year, it also received recognition from Forbes in two of its lists, namely, Global 2000 and World’s Best Employer.;
|Organisation||Marsh & McLennan Companies Inc|
|HeadQuarters||New York, NY|