Marsh & McLennan
Headquarters:
1166 Avenue of the Americas
New York, NY 10036
Employees: 55,000
CEO: Brian Duperreault
Stock Symbol: MMC
Website:
http://www.mmc.com
Career
Page
Marsh & McLennan is a global company
specializing in risk management and insurance, consulting and
investments. It has operations in 100 countries. The company's
subsidiaries include:
Marsh
-- The world leader in delivering risk and insurance services
and solutions to clients. It provides global risk management,
risk consulting, insurance broking, financial solutions, and
insurance program management services for businesses, public
entities, associations, professional services organizations,
and private clients. Underwriting management and wholesale broking
services are performed for a wide range of clients through various
subsidiaries.
Guy Carpenter --
The world's leading risk and reinsurance specialist, creating
and executing reinsurance and risk management solutions for clients
worldwide.
Kroll
- The world's leading risk consulting company, provides a wide
range of investigative, intelligence, financial, security, and
technology services to help clients solve problems and capitalize
on opportunities. Kroll serves a global clientele of law firms,
financial institutions, corporations, nonprofits, government
agencies, and individuals.
Oliver Wyman Group - Delivers advisory services to clients through
three operating units, each of which is a leader in its field.
Oliver Wyman is a top-tier global management consulting
firm that combines deep industry knowledge with specialized expertise
in strategy, operations, risk management, organizational transformation,
and leadership development. Lippincott helps clients create,
develop, and manage their corporate branding, identity, and image.
NERA Economic Consulting advises corporations, law firms,
and government entities on the economics of competition, regulation,
public policy, finance, and litigation.
In 2007, Marsh & McLennan had revenues
of $11.4 billion, an 8% increase from the previous year, and
net income of $2.5 billion.
History
1837 -
Marsh & McLennan Companies' original firm, Dan H. Bomar Company,
is founded in Chicago after the Great Chicago Fire.
1885 -
Henry W. Marsh leaves Harvard University and joins the Robert
A. Waller agency. Nine years later, in 1894, Donald R. McLennan
begins his insurance career at Stryker, Manley & Buck in
Duluth, Minnesota.
1897 -
Henry Marsh introduces concept of a broker acting as a buyer
of insurance representing the client, rather than as a seller
of insurance.
1901 -
Henry Marsh helps pioneer concept of risk management, setting
forth his ideas on a comprehensive risk management plan for U.S.
Steel. Two years later, in 1903, Donald McLennan establishes
a standard for thorough research in assessing risk. He spends
30 consecutive nights on a sleeper, traveling coast to coast
across the U.S., to inspect the operations of two railroad lines.
1905 -
Burrows, Marsh & McLennan is formed in Chicago, becoming
the world's largest insurance agency with annual premiums of
$3 million. Renamed Marsh & McLennan in 1906.
1923 -
Guy Carpenter & Company is acquired a year after its founding
by Guy Carpenter. The firm revolutionizes reinsurance coverage.
Henry Marsh becomes chairman upon Marsh & McLennan's incorporation.
1962 -
Marsh & McLennan becomes a public company, reporting revenues
of $52 million and net income of $5 million.
Benefits
Below are benefits at Marsh.
These benefits are fully paid by the Company:
- Basic Life Insurance
- Short-Term Disability Program
- Basic Long-Term Disability Plan
- Travel Accident Insurance
- Vision One Eye care Program
- Special Death Benefit
- Retirement Program
- Retiree Life Insurance
In addition, colleagues may contribute
to benefits plans to build a total package of coverage that is
tailored to your particular needs. You pay a share of the coverage
cost for your optional benefits via convenient payroll deductions.
These plans include:
- Medical and dental coverage
- Flexible Spending Accounts (health care and dependent care)
- Optional Life Insurance
- Spouse Life Insurance
- Dependent Children Life Insurance
- Optional Long-Term Disability Plan
- Group Umbrella Liability Insurance
- Personal Accident Insurance
- Stock Investment Plan
- Stock Investment Supplemental Plan (if you are eligible)
- Stock Purchase Plan
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