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Marsh & McLennan

Headquarters: 1166 Avenue of the Americas
New York, NY 10036
Employees: 55,000
CEO: Brian Duperreault
Stock Symbol: MMC


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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.


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.


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

Updated May 18, 2008

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