About Marsh & McLennan Companies, Inc. (MMC)

Company Description:

Marsh & McLennan Companies, Inc., a global professional services firm, offers advice and solutions in the areas of risk, strategy, and people. Its services are crucial for companies looking to navigate a dynamic and complex environment. The company operates through two primary segments: Risk and Insurance Services, and Consulting.

Founded in 1905, Marsh & McLennan has grown to become a leader in its field, headquartered in New York, NY, United States.

Main Product(s):

Marsh & McLennan provides a range of services, including insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting.

Short History of Marsh & McLennan Companies, Inc.:

• 1905 – Founded by Henry W. Marsh and Donald R. McLennan in Chicago.
• 1959 – The firm expanded its insurance brokerage business with key acquisitions.
• 1975 – It became the world's largest insurance broker.
• 2000s – Expanded its consulting capabilities with significant acquisitions in various sectors.
• September 2018 – Announced the acquisition of Jardine Lloyd Thompson for $5.6 billion.
• 2020 – The company played a vital role in advising clients during the COVID-19 pandemic.