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Marsh's insurance brokering and risk management business began in the first decade of the twentieth century, when it was formed by Henry Marsh and Donald McLennan with operations in New York City and Chicago, where McLennan had studied railroad risk and insurance needs by spending 30 days riding the rails. [4]
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]
Marsh, a global leader in insurance broking and risk management, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future ...
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 ...
Popular car insurance discounts for students include: Good student discount: Students that maintain a high GPA can typically qualify for this discount. Each car insurance company may have its own ...
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In 1997, it was acquired by Marsh McLennan for $1.8 billion. [ 4 ] [ 5 ] Of the sale proceeds, $1.01 billion went to J&H's active directors and shareholding managing principals, $500 million was earmarked for 600 key J&H employees, and $297 million was paid to 40 retired directors; however, the retired directors sued, alleging that they were ...