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Marsh & McLennan Companies previous logo. Burroughs, Marsh & McLennan was formed by Henry W. Marsh and Donald R. McLennan in Chicago in 1905. It was renamed as Marsh & McLennan in 1906. [8] The reinsurance firm Guy Carpenter & Company was acquired in 1923, a year after it was founded by Guy Carpenter. [9]
Mercer Consulting Group. In 1975, Marsh McLennan converted their benefits operations into a wholly owned subsidiary, William M. Mercer, Inc. In 1992, a holding company was created for Marsh McLennan's three global consulting businesses, known as Mercer Consulting Group. [9]
In April 2011, Marsh named Peter Zaffino as CEO, succeeding Glaser, who then became chief operating officer of Marsh & McLennan, only to later be named group CEO. [16] [17] In 2016, John Doyle, previously of AIG, joined Marsh as president. [7] In July 2017, Marsh expanded Doyle's role, naming him President and CEO after Zaffino's departure to AIG.
Marsh & McLennan's (MMC) arm inks deal to buy Bouchard Insurance for portfolio boost.
The Florida Retirement System (FRS) Pension Plan, a defined benefit plan, is one of the largest public retirement plans in the US. [13] At year-end, it comprised over 80 percent of total assets under SBA management. [3] The FRS Pension Plan serves a working and retired membership base of nearly one million public employees. [14]
In September 2018 the company agreed to accept an offer from Marsh McLennan, valuing the company at £4.3 billion. [17] The transaction was completed on 1 April 2019. [ 18 ]
In July 2004, Kroll was acquired by professional services firm Marsh & McLennan Companies in a $1.9-billion transaction. [42] In June 2008, Jules Kroll left Kroll Inc. [43] In August 2010, Kroll was acquired by Altegrity, Inc. in an all-cash transaction valued at $1.13 billion.