Marsh & McLennan Companies is a global professional services firm that provides advice and solutions in the areas of risk, strategy, and people. The company was founded in 1905 and is headquartered in New York City, USA. It operates through four major subsidiaries: Marsh, Guy Carpenter, Mercer, and Oliver Wyman Group. Marsh & McLennan is listed on the New York Stock Exchange under the ticker symbol MMC.
The company's history dates back to 1905 when Henry Marsh and Donald McLennan joined forces to establish a company focused on providing insurance brokerage and risk management services. Over the years, the company expanded its scope of services and established itself as a leading player in the insurance industry. The company operates in more than 130 countries and serves clients across industries, including corporations, government entities, and non-profit organizations. Its extensive network and expertise allow it to deliver tailored solutions to address complex risk and business challenges.
Marsh, the largest subsidiary of Marsh & McLennan, is a global leader in insurance broking and risk management. It helps clients identify, assess, and manage risks through a wide range of insurance solutions and risk advisory services. Guy Carpenter specializes in reinsurance and risk management solutions for insurance companies, helping them manage their exposure to catastrophic events.
Mercer, another significant subsidiary, provides consulting and services in the areas of health, wealth, and career. It offers consulting expertise in employee benefits, talent management, and retirement plans. Oliver Wyman Group focuses on management consulting, providing strategic and operational advice to clients in various industries.
Marsh & McLennan offers a comprehensive suite of services tailored to its clients' needs. This includes insurance broking, risk management, reinsurance, employee benefits consulting, talent management, retirement planning, and management consulting. By combining deep industry knowledge with analytical capabilities, Marsh & McLennan helps clients navigate the complex landscape of risk and drive business growth.