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At the time, the company was known as Marsh & McLennan (M&M). [5] Today, Marsh's insurance brokerage unit operates as a separate business, known simply as Marsh, in a holding company structure, yet many media reports still erroneously refer to this brokerage unit as Marsh & McLennan. [6] [7]
Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. [3]
Despite an elevated risk landscape, the Marsh Global Insurance Market Index decreased by 2% in the fourth quarter compared to a 1% decline in the third quarter. As a reminder, our index skews to ...
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 ...
With over 53,000 employees worldwide and annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and ...
Independent Insurance Group Benefits, with annual revenue of approximately $1.4 million, will be folded into Prescott Pailet Benefits, a Marsh & McLennan Agency company, further expanding the firm ...
The Company was founded by Harry Thomas (later Harry Beaufoy) Leonard Sedgwick (1855–1931) [3] [4] late in the 19th century as an insurance broker under the name Sedgwick, Collins & Co. [5] In 1972 it merged with Price Forbes to form Sedgwick Forbes.
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