Marsh & McLennan Companies, Inc.
name
Marsh & McLennan Companies, Inc.
id
MMC
summary
Marsh & McLennan Companies, Inc., doing business as Marsh McLennan, is a global professional services firm headquartered in New York City. It operates in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Its main operating companies are Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Founded in Chicago in 1905, it has grown to employ approximately 85,000 people as of 2023, with a revenue of US$22.74 billion in the same year. The company has undergone significant transformations and expansions through acquisitions, including the notable purchase of Jardine Lloyd Thompson for £4.3 billion in 2019. Marsh McLennan was deeply affected by the September 11 attacks, losing 295 employees and 63 contractors. It has also faced legal challenges, such as a bid-rigging scandal in 2004, resulting in an $850 million settlement.
industry
Insurance brokers, Professional services
founded
1905
headquarters
New York City, New York, U.S.
key_people
H. Edward Hanway (Chairman), Dominick Burke (Vice Chairman), John Q. Doyle (President and CEO)
revenue
US$22.74 billion (2023)
operating_income
US$5.282 billion (2023)
net_income
US$3.756 billion (2023)
total_assets
US$48.03 billion (2023)
total_equity
US$12.37 billion (2023)
number_of_employees
c. 85,000 (2023)
subsidiaries
Marsh, Guy Carpenter, Mercer, Oliver Wyman
website
marshmclennan.com