Articles from Marsh McLennan

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the fourth quarter and year ended December 31, 2024.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a quarterly dividend of $0.815 per share on outstanding common stock, payable on February 14, 2025 to stockholders of record on January 30, 2025.

Marsh McLennan (NYSEMMC), a global leader in risk, strategy and people, will announce fourth quarter financial results via news release on Thursday, January 30, 2025, before the market opens. The news release will be available on marshmclennan.com.

Marsh McLennan (NYSEMMC), a global leader in risk, strategy and people, today completed the acquisition of McGriff Insurance Services, LLC. With the closing of this acquisition, McGriff’s more than 3,500 colleagues will join Marsh McLennan Agency.

Marsh McLennan (NYSEMMC) (the “Company”) announced today that it has priced $950 million aggregate principal amount of its 4.550% Senior Notes due 2027, $1,000 million aggregate principal amount of its 4.650% Senior Notes due 2030, $1,000 million aggregate principal amount of its 4.850% Senior Notes due 2031, $2,000 million aggregate principal amount of its 5.000% Senior Notes due 2035, $500 million aggregate principal amount of its 5.350% Senior Notes due 2044, $1,500 million aggregate principal amount of its 5.400% Senior Notes due 2055 and $300 million aggregate principal amount of its Floating Rate Senior Notes due 2027 (collectively, the “Notes”). The Company intends to use the net proceeds from the Notes offering to fund, in part, the pending acquisition (the “Transaction”) of the parent company of McGriff Insurance Services, LLC, an affiliate of TIH Insurance Holdings, including the payment of related fees and expenses, as well as for general corporate purposes. The Transaction is targeted to close by year-end, subject to regulatory approval and other standard closing conditions. The closing of the Notes offering is not conditioned upon the closing of the Transaction and is expected to occur on November 8, 2024, subject to the satisfaction of certain customary closing conditions.

Marsh McLennan (NYSEMMC), a global leader in risk, strategy and people, today reported financial results for the third quarter ended September 30, 2024.

Marsh McLennan (NYSEMMC), a global leader in risk, strategy and people, today announced that it has reached an agreement through its Marsh McLennan Agency business to acquire McGriff Insurance Services, LLC, an affiliate of TIH. McGriff is a leading provider of insurance broking and risk management services in the United States, with $1.3 billion of revenue for the trailing twelve months ended June 30, 2024. The transaction will enhance Marsh McLennan Agency’s capabilities across commercial property and casualty, employee benefits, management liability and personal lines.

Marsh McLennan (NYSEMMC), a global leader in risk, strategy and people, will announce third quarter financial results via news release on Thursday, October 17, 2024, before the market opens. The news release will be available on marshmclennan.com.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a quarterly dividend of $0.815 per share on outstanding common stock, payable on November 15, 2024 to stockholders of record on October 4, 2024.

Aon and Marsh McLennan today called on the (re)insurance industry to build upon the capital, expertise and historical role of the (re)insurance industry to help Ukraine’s resilience by catalyzing economic growth and strengthening the country’s foundations for a post-conflict economy. The firms emphasized that the removal of blanket exclusions, which ignore the diversity of risk throughout the country, would further support Ukraine’s economy.

A new whitepaper from Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, and Zurich Insurance Group (SWX: ZURN), a leading global multi-line insurer and provider of resilience services, highlights the critical need for greater public sector involvement to strengthen societal resilience in the event a catastrophic cyber event occurs.

Marsh McLennan (NYSEMMC), 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, 2024.

The Board of Directors of Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today appointed Jan Siegmund as a director, effective immediately. The Company’s Board now consists of 12 directors.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a 15% increase in the quarterly dividend from $0.710 to $0.815 per share on outstanding common stock, payable on August 15, 2024, to stockholders of record on July 25, 2024.

Marsh McLennan (NYSEMMC), 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 18, 2024, before the market opens. The news release will be available on marshmclennan.com.

Mercer and Marsh, businesses of Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, released today their US People Risk 2024 Report.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy, and people, today announced the results of its 2024 Annual Meeting of Stockholders.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy, and people, today announced the launch of Sentrisk, a cutting-edge AI-powered platform with integrated advisory services that will redesign the way businesses manage global supply chain risk.

Mercer and Oliver Wyman, businesses of Marsh McLennan (NYSEMMC), today released their 2024 Global Insurance Survey. Drawing on insights of more than 80 insurers globally, the survey highlights their investment and portfolio positioning plans for 2024 and beyond.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, will announce first quarter financial results via news release on Thursday, April 18, 2024, before the market opens. The news release will be available on marshmclennan.com.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a quarterly dividend of $0.710 per share on outstanding common stock, payable on May 15, 2024 to stockholders of record on April 4, 2024.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, together with the Ukrainian government and Lloyd’s, today announced a major expansion of its Unity insurance facility. Unity now provides affordable war risk insurance for ships carrying all non-military cargo – such as iron ore, steel, and containerised shipping – and underpins Ukraine’s wider maritime export ecosystem.

Marsh McLennan (NYSEMMC) (the “Company”) announced today that it has priced $500,000,000 aggregate principal amount of its 5.150% Senior Notes due 2034 (the “2034 Notes”) and $500,000,000 aggregate principal amount of its 5.450% Senior Notes due 2054 (the “2054 Notes” and, together with the 2034 Notes, the “Notes”). The Company intends to use the net proceeds from the Notes offering for general corporate purposes. The closing of the Notes offering is expected to occur on February 20, 2024, subject to the satisfaction of certain customary closing conditions.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the fourth quarter and year ended December 31, 2023.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a quarterly dividend of $0.710 per share on outstanding common stock, payable on February 15, 2024, to stockholders of record on January 25, 2024.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, will announce fourth quarter financial results via news release on Thursday, January 25, 2024, before the market opens. The news release will be available on marshmclennan.com.

Further to the announcement made on 27th October 2023, Marsh & McLennan Companies, Inc. (the "Company") announces that the listing of ordinary shares on the Standard Segment of the Official List of the Financial Conduct Authority and admission to trading on the Main Market for listed securities of the London Stock Exchange have now been cancelled with effect from 8:00 a.m. (GMT) today, 27th November 2023.

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.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, in collaboration with the Ukrainian government, the Export Credit Agency of Ukraine, Ukreximbank, Ukrgasbank and DZ Bank, today announced the launch of a new facility – Unity – to provide affordable insurance supporting the export of grain and other critical food supplies globally from Ukraine’s Black Sea ports.

Marsh & McLennan Companies, Inc. (the "Company") hereby gives notice of its intention to request the UK Financial Conduct Authority (the "FCA") to cancel the standard listing of the Company’s ordinary shares (ISIN US5717481023) (the "Shares") on the Official List of the FCA and to request the London Stock Exchange plc (the "LSE") to cancel the admission to trading of the Shares on the Main Market for listed securities of the LSE (together, the "Cancellation of the London Listing").

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the third quarter ended September 30, 2023.

Ukraine today launched a data platform allowing insurers, investors and governments to analyze war risks in the country. Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, supported the Government of Ukraine in designing and testing the platform to support the nation’s recovery and transformation.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, announced that effective today Pat Tomlinson has been appointed President of Mercer, Marsh McLennan’s global business in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being. Martine Ferland remains Mercer CEO and Vice Chair of Marsh McLennan and will oversee Mercer’s regional leaders until she retires on March 31, 2024.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, will announce third quarter financial results via news release on Thursday, October 19, 2023, before the market opens. The news release will be available on marshmclennan.com.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a quarterly dividend of $0.710 per share on outstanding common stock, payable on November 15, 2023, to stockholders of record on October 6, 2023.

Marsh McLennan (NYSEMMC) (the “Company”) announced today that it has priced $600,000,000 aggregate principal amount of its 5.400% Senior Notes due 2033 (the “2033 Notes”) and $1,000,000,000 aggregate principal amount of its 5.700% Senior Notes due 2053 (the “2053 Notes” and, together with the 2033 Notes, the “Notes”). The Company intends to use the net proceeds from the Notes offering for general corporate purposes. The closing of the Notes offering is expected to occur on September 11, 2023, subject to the satisfaction of certain customary closing conditions.

Marsh McLennan (NYSEMMC), 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.

The Board of Directors of Marsh McLennan (NYSEMMC) 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.

Marsh McLennan (NYSEMMC), 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.

Marsh McLennan (NYSEMMC), 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.

Marsh McLennan (NYSEMMC) 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.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today held its annual meeting of stockholders. During the meeting, stockholders elected the entire slate of 2023 director nominees for a one-year term expiring at next year’s annual meeting.

Mercer, a business of Marsh McLennan (NYSEMMC) and a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, announced today that an agreement was reached with Westpac Group to transition BT’s Private Portfolio Management (PPM) business to Mercer.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the first quarter ended March 31, 2023.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today released a report from its Cyber Risk Analytics Center that directly links key cybersecurity controls commonly required by cyber insurers to a reduced chance of a cyber incident. By assessing the relative effectiveness of each control, organizations are now able to allocate resources towards those that provide the best protection, better position their risk with insurers, and build their cyber resiliency more confidently.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today announced that its Mercer business completed the merger of BT Super into the Mercer Super Trust, creating one of Australia’s most competitive super funds. Mercer today also announced completion of the acquisition of Advance Asset Management Limited, further expanding its capability as a leading investment multi-manager in Australia.

The Board of Directors of Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, appointed Judith Hartmann, age 53, and Ray G. Young, age 61, as directors effective immediately. With these appointments, the Company’s Board will consist of 15 directors.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, will announce first quarter financial results via news release on Thursday, April 20, 2023, before the market opens. The news release will be available on marshmclennan.com.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a quarterly dividend of $0.590 per share on outstanding common stock, payable on May 15, 2023, to stockholders of record on April 5, 2023.

Marsh McLennan (NYSEMMC) (the “Company”) announced today that it has priced $600,000,000 aggregate principal amount of its 5.450% Senior Notes due 2053 (the “Notes”). The Company intends to use the net proceeds from the Notes offering for general corporate purposes. The closing of the Notes offering is expected to occur on March 9, 2023, subject to the satisfaction of certain customary closing conditions.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the fourth quarter and year ended December 31, 2022.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a quarterly dividend of $0.590 per share on outstanding common stock, payable on February 15, 2023, to stockholders of record on January 26, 2023.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, will announce fourth quarter financial results via news release on Thursday, January 26, 2023, before the market opens. The news release will be available on marshmclennan.com.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, in partnership with the Atlantic Council’s Arsht-Rockefeller Foundation Resilience Center (Arsht-Rock), will help mobilize the insurance sector in support of the UN’s Race to Resilience by championing innovative disaster risk reduction initiatives that move communities from a reliance on recovery to focusing on resilience. Race to Resilience is a global campaign catalyzing a step-change in global ambition for climate resilience.

Marsh McLennan (NYSEMMC) (the “Company”) announced today that it has priced $500,000,000 aggregate principal amount of its 5.750% Senior Notes due 2032 (the “2032 Notes”) and $500,000,000 aggregate principal amount of its 6.250% Senior Notes due 2052 (the “2052 Notes” and, together with the 2032 Notes, the “Notes”). The Company intends to use the net proceeds from the Notes offering for general corporate purposes, which may include the repayment or redemption of the $350,000,000 outstanding aggregate principal amount of its 3.300% Senior Notes due March 14, 2023 (the “2023 Notes”). The closing of the Notes offering is expected to occur on October 31, 2022, subject to the satisfaction of certain customary closing conditions. This press release does not constitute a notice of redemption with respect to, or an offer to purchase, the 2023 Notes.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the third quarter ended September 30, 2022.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, announced today that John Q. Doyle, 58, has been named President and Chief Executive Officer, effective January 1, 2023. Daniel S. Glaser, 62, will retire from Marsh McLennan at year end following a decade leading the Company through a period of extraordinary growth and change.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a quarterly dividend of $0.590 per share on outstanding common stock, payable on November 15, 2022, to stockholders of record on October 7, 2022.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, will announce third quarter financial results via news release on Thursday, October 20, 2022, before the market opens. The news release will be available on marshmclennan.com.

Marsh McLennan (NYSEMMC), 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, 2022.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a 10.3% increase in the quarterly dividend from $0.535 to $0.590 per share on outstanding common stock, payable on August 15, 2022, to stockholders of record on July 28, 2022.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, plans to announce second quarter financial results via news release on Thursday, July 21, 2022, before the market opens. The news release will be available on marshmclennan.com.

Today, Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy, and people, announced the appointment of John Jones as Chief Marketing and Communications Officer and Pat Hagemann as Office of the COO Chief of Staff. Mr. Jones and Ms. Hagemann will report to John Doyle, Group President and Chief Operating Officer of Marsh McLennan. The appointments are effective July 1.

Marsh McLennan (NYSEMMC) today held its annual meeting of stockholders. During the meeting, stockholders elected the entire slate of 2022 director nominees for a one-year term expiring at next year’s annual meeting. They are: Anthony K. Anderson, Hafize Gaye Erkan, Oscar Fanjul, Daniel S. Glaser, H. Edward Hanway, Deborah C. Hopkins, Tamara Ingram, Jane H. Lute, Steven A. Mills, Bruce P. Nolop, Morton O. Schapiro, Lloyd M. Yates and R. David Yost. Marc D. Oken, who has been a director since 2006, is retiring from the Board and did not stand for re-election.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the first quarter ended March 31, 2022.

Today, Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, announced its commitment to set and execute low-carbon transition strategies that chart a path to net-zero across its operations by 2050 and reduce its emissions by 50 percent by 2030. The company will also set an emission reduction target aligned with the Science Based Targets initiative’s criteria.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, plans to announce first quarter financial results via news release on Thursday, April 21, 2022, before the market opens. The news release will be available on marshmclennan.com.

The Board of Directors of Marsh McLennan (NYSEMMC) today authorized an additional $5 billion in share repurchases. This is in addition to the Company’s existing share repurchase program, which had approximately $1.3 billion of remaining authorization as of December 31, 2021. The total authorization increased to approximately $6.3 billion, before any share repurchase in the first quarter.

On February 11, 2022, the Board of Directors of Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy, and people, appointed Hafize Gaye Erkan, age 42, as director effective on March 1, 2022. With Ms. Erkan’s appointment, the Company’s Board will consist of 14 directors.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the fourth quarter and year ended December 31, 2021.

The Board of Directors of Marsh McLennan (NYSEMMC) today declared a quarterly dividend of $0.535 per share on outstanding common stock, payable on February 15, 2022, to stockholders of record on January 27, 2022.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, plans to announce fourth quarter financial results via news release on Thursday, January 27, 2022, before the market opens. The news release will be available on marshmclennan.com.

Marsh McLennan (NYSEMMC) (the “Company”) announced today that it has priced $400 million aggregate principal amount of its 2.375% Senior Notes due 2031 (the “2031 Notes”) and $350 million aggregate principal amount of its 2.900% Senior Notes due 2051 (the “2051 Notes” and, together with the 2051 Notes, the “Notes”). The Company intends to use the net proceeds from the Notes offering for general corporate purposes, including the potential repayment or redemption of the $500,000,000 outstanding aggregate principal amount of its 2.750% Senior Notes due January 30, 2022. The closing of the Notes offering is expected to occur on December 8, 2021, subject to the satisfaction of certain customary closing conditions. This press release does not serve as a notice of redemption.

Today, Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy, and people, announced changes to its Executive Committee effective January 1, 2022.

Marsh McLennan (NYSEMMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the third quarter ended September 30, 2021.