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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 is an American consulting firm founded in 1945. It is one of the four operating subsidiaries of global professional services firm Marsh McLennan (NYSE: MMC). Mercer is headquartered in New York City with offices in 43 countries and operations in 130 countries. [1]
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.
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Marsh and McLennan introduced the "concept of a broker acting as a buyer of insurance representing the client, rather than as a seller of insurance" and helped to pioneer the concept of risk management. [6] By 1917, the year the United States entered the war, Marsh & McLennan had established offices throughout the country. [6] Marsh retired in ...
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