Financial Knowledge & Information Portal

Marsh and McLennan Companies (MMC) Company Profile

Updated Aug 5, 2020
Marsh and McLennan Companies has the following business profile:
Company's Full Name:Marsh and McLennan Companies, Inc.
Short Name:Marsh and McLennan Companies
Trading Ticker Symbol:MMC
Primary Exchange:NYSE
Headquarter City/Country:New York, NY
Primary Industry Sector:Finance
Seconday Sub-sector:Specialty Insurers
Main Business Areas: Low Volatility, Finance, Specialty Insurers, Financial Services, Insurance Brokers, ESG, S&P 500
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding Marsh and McLennan Companies stock

Market and Trading Information for Marsh and McLennan Companies

The following details were available for trading and market data about the stock of Marsh and McLennan Companies as of writing:
Current Share Price:$118.43
Previous Year's Closing Price:$111.41
Percentage Price Change (YTD):6.3%
Market Cap:$59.46 billion
52-week Price Range:$74.33 - $119.88
Dividend Per Share:$1.82
EPS (TTM):3.96
Price-Earnings (Trailing):29.91
Price-Earnings (Forward):23.09

Company Profile and Business Description for Marsh and McLennan Companies

Marsh & McLennan Companies, Inc., incorporated on March 17, 1969, is a professional services firm offering clients advice and solutions in risk, strategy and people. The Company is the parent company of various risk advisors and specialty consultants, including Marsh, the insurance broker, intermediary and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource (HR) and investment related financial advice and services, and Oliver Wyman Group, the management, economic and brand consultancy. The Company conducts business through two segments: Risk and Insurance Services, which includes risk management activities (risk advice, risk transfer and risk control and mitigation solutions), as well as insurance and reinsurance broking and services, and Consulting includes health, retirement, talent and investments consulting services and products, and specialized management, economic and brand consulting services.

Risk and Insurance Services

The Company conducts business in the Risk and Insurance Service segment through Marsh and Guy Carpenter. Marsh is engaged in delivering risk advisory and insurance solutions to companies, institutions and individuals around the world. Marsh's contributions include introducing the practice of client representation through brokerage, the discipline of risk management, the globalization of risk management services, and the development of service platforms that identify, quantify, mitigate and transfer risk. As of December 31, 2016, approximately 30,300 Marsh colleagues provided risk management, insurance broking, insurance program management services, risk consulting, analytical modeling and alternative risk financing to a range of businesses, government entities, professional service organizations and individuals in more than 130 countries.

In its insurance broking and risk advisory business, Marsh employs a team approach to identify, quantify and address clients' risk management and insurance needs. Marsh's product and service offerings include risk analysis, insurance program design and placement, insurance program support and administration, claims support and advocacy, alternative risk strategies and a wide array of risk analysis and risk management consulting services. The firm's resources also include more than 35 risk, specialty and industry practices, including robust cyber, financial and professional service practices, along with employee health & benefits business. Marsh provides services to clients of all sizes, including large multinational companies, high growth middle-market businesses, small commercial enterprises and high net-worth private clients. Marsh has advisory and placement services that benefit large domestic and international companies and institutions facing complex risk exposures.

The solutions-based segment, middle market and corporate clients are served by Marsh's brokerage operations around the globe and constitute clients served by Marsh & McLennan Agency (MMA) in the United States, Jelf/Bluefin in the United Kingdom and portions of Marsh's international business. MMA offers a range of commercial property and casualty products and services, as well as solutions for employee health and benefits, retirement and administration needs and a growing personal lines business in the United States and Canada. MMA provides advice on insurance program structure and market dynamics. As of December 31, 2016, Jelf and Bluefin serviced more than 250,000 clients, primarily in the small to mid-market segment across the United Kingdom, and offered technical advice, bespoke products and services, including claims consultancy, employee health and benefit, personal lines solutions and risk management.

Clients in the Small Commercial market segment face less complex risks and are served by Marsh's product and placement offerings and growing capabilities in digitally enabled distribution. Schinnerer Group is consisted of Victor O. Schinnerer & Co. in the United States and ENCON Group Inc. in Canada. It is an underwriting manager of professional liability and specialty insurance program. In the United States, Victor O. Schinnerer & Co. provides risk management and insurance solutions to over 35,000 insureds through a national third-party distribution network of licensed brokers. As of December 31, 2016, ENCON Group Inc., a managing general agent in Canada, offered professional liability and construction insurance, as well as group and retiree benefits programs and claims handling for individuals, professionals, organizations and businesses.

Dovetail Insurance is a provider of cloud-based insurance services tailored to the United States small commercial market. Based in Columbia, South Carolina, Dovetail has developed a cloud-based technology platform that enables independent insurance agents, on behalf of their small business clients, to obtain online quotes from various insurance providers and bind insurance policies in real time. The process enables independent agents to deliver service and product selection, while giving insurance providers access to a platform for distributing their products. Individual high net worth clients are serviced by Marsh's Private Client Services (PCS), MMA and other personal lines businesses globally. These businesses provide a single-source solution for high net worth (HNW) clients. Using a consultative and advisory centric approach, exposures are analyzed and customized programs provide coverage for clients with asset portfolios.

In addition to insurance broking, Marsh provides certain other specialist advisory or placement services, Marsh Risk Consulting (MRC), Marsh Global Analytics, Marsh Captive Solutions, Bowring Marsh, Torrent Technologies and Marsh ClearSight. MRC is a practice comprising specialists that advise clients on identifying exposures, use data and analytics to assess critical business activities and evaluate existing risk practices and strategies. MRC provides client services in five principal areas: Property Risk and Asset Valuation; Workforce Strategies; Claims Consulting; Strategic Risk and Cybersecurity Consulting, and Financial Advisory Services. Marsh Global Analytics employs a suite of solutions, including global placement data viewed using PlaceMAP (a benchmarking and placement application), statistical and financial analyses, decision modeling, catastrophic loss modeling and the Marsh Analytical Platform.

As of December 31, 2016, Marsh Captive Solutions served over 1,250 captive facilities, including single-parent captives, reinsurance pools and risk retention groups. Bowring Marsh is an international placement broker for property and casualty risks. Torrent Technologies is a service provider to Write Your Own (WYO) insurers participating in the National Flood Insurance Program (NFIP) in the United States. Marsh ClearSight is a cloud-based software platform that serves the needs of risk management professionals, insurance carriers and third-party administrators, through integrated technology, analytics and data services solutions across risk, safety and claims management.

Guy Carpenter is the Company's reinsurance broker. The workforce consists of approximately 2,300 professionals providing clients with a combination of specialized reinsurance broking solutions, strategic advisory services and analytics solutions. Guy Carpenter creates and executes reinsurance and risk management solutions for clients around the world through risk assessment analytics, actuarial services, product knowledge and trading relationships with reinsurance markets. Client services also include contract and claims management and fiduciary accounting.

Acting as a broker or intermediary on all classes of reinsurance, Guy Carpenter places two types of property and casualty reinsurance: treaty reinsurance, which involves the transfer of a portfolio of risks, and facultative reinsurance, which involves the transfer of part or all of the coverage provided by a single insurance policy. Guy Carpenter provides reinsurance services in a range of specialty practice areas, including agriculture; alternative risk transfer (such as group-based captives and insurance pools), aviation and aerospace, casualty clash (losses involving multiple policies or insureds), construction and engineering, credit, bond and political risk, cyber, excess and umbrella, flood, general casualty, life, accident and health, marine and energy, medical professional liability, professional liability, program manager solutions, property, public sector, retrocessional reinsurance (reinsurance between reinsurers), surety (reinsurance of surety bonds and other financial guarantees), terror, and workers compensation.

Guy Carpenter offers clients alternatives to traditional reinsurance, including industry loss warranties and, through its licensed affiliates, capital markets alternatives, such as transferring catastrophe risk through the issuance of risk-linked securities. GC Securities, the Guy Carpenter division of MMC Securities LLC and MMC Securities (Europe) Limited, offers corporate finance solutions, including mergers and acquisitions and private debt and equity capital raising, and capital markets-based risk transfer solutions that complement Guy Carpenter's industry relationships, analytical capabilities and reinsurance solutions. Guy Carpenter also provides its clients with reinsurance-related services, including actuarial, enterprise risk management, financial and regulatory consulting, portfolio analysis and advice on the use of capital. Guy Carpenter's GC Analytics unit helps clients understand and quantify the uncertainties inherent in their businesses. Working in close partnership with Guy Carpenter account executives, GC Analytics specialists help support clients' critical decisions in numerous areas, including reinsurance utilization, catastrophe exposure portfolio management, new product and market development, rating agency, regulatory and account impacts, loss reserve risk, capital adequacy and return on capital.


The Company's Consulting segment conducts business through Mercer and Oliver Wyman Group. Mercer is a consulting provider in health, retirement, investments and talent. Mercer operates in the areas, including health, retirement, investments and talent. Mercer assists public and private sector employers in the design and management of employee healthcare programs; administration of health benefits and flexible benefits programs, including total benefits outsourcing; compliance with local benefits-related regulations, and the establishment of health and welfare benefits coverage for employees. Mercer provides a range of strategic and compliance-related retirement services and solutions to corporate, governmental and institutional clients. Mercer assists clients around the world in the design, governance and risk management of defined benefit, defined contribution and hybrid retirement plans. Mercer's investments business provides clients with investment consulting and investment management services. In its investment consulting business, Mercer provides investment advice and related services to the sponsors of pension funds, foundations, endowments, insurance companies, wealth management firms and other investors in more than 40 countries. Mercer's services cover all stages of the institutional investment process, from strategy, structure and implementation to ongoing portfolio management. Mercer's talent businesses advise organizations on the engagement, management and rewarding of employees and the design of executive remuneration programs.

Oliver Wyman Group delivered advisory services to clients through three units: Oliver Wyman, Lippincott and NERA Economic Consulting. Oliver Wyman is a global management consulting firm. Lippincott is a brand strategy and design consulting firm that advises corporations around the world in a range of industries on corporate branding, identity and image. NERA Economic Consulting provides economic analysis and advice to public and private entities to achieve practical solutions to business and legal issues arising from competition, regulation, public policy, strategy, finance and litigation. NERA professionals operate around the world assisting clients, including corporations, governments, law firms, regulatory agencies, trade associations, and international agencies. NERA's specialized practice areas include antitrust, securities, complex commercial litigation, energy, environmental economics, network industries, intellectual property, product liability and mass torts, and transfer pricing.

1166 Avenue of the Americas

ETFs Holding Marsh and McLennan Companies Stock

As of March 2020, the following exchange-traded funds (ETF) hold the Marsh and McLennan Companies stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have Marsh and McLennan Companies stock holding. There are a total of 154 ETFs in records which are holding Marsh and McLennan Companies stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
No. of
ACIMSPDR MSCI ACWI IMI ETFThe SPDR MSCI ACWI IMI ETF tracks a market-cap-weighted index of global stocks covering 98% of the capitalization of the developed and emerging markets. ...Full Details0.25%906
Full List
ACWIiShares MSCI ACWI ETFThe iShares MSCI ACWI ETF tracks a market-cap-weighted index of large- and midcap global stocks, covering 85% of the developed and emerging markets capitalization. ...Full Details ...Candlestick Patterns.0.32%1596
Full List
ACWViShares Edge MSCI Min Vol Global ETFThe iShares Edge MSCI Min Vol Global ETF tracks an index of large- and midcap global stocks selected and weighted to create a low volatility portfolio subject to constraints including sector exposure. ...Full Details0.2%426
Full List
CATHGlobal X S&P 500 Catholic Values ETFThe Global X S&P 500 Catholic Values ETF tracks an index of US large-cap stocks selected from the S&P 500. The cap-weighted index omits companies from certain industries at odds with Catholic values. ...Full Details0.29%464
Full List
CHGXChange Finance Diversified Impact US Large Cap Fossil Fuel Free ETFCHGX tracks an index of 100 US large-cap stocks that meet diverse environmental, social, and governance standards. ...Full Details0.49%101
Full List
CRBNiShares MSCI ACWI Low Carbon Target ETFThe iShares MSCI ACWI Low Carbon Target ETF tracks an index of stocks from global firms selected for a bias toward lower carbon emissions, but with tight constraints to the broad, marketlike ACWI index. ...Full Details0.2%1204
Full List
DGROiShares Core Dividend Growth ETFThe iShares Core Dividend Growth ETF tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. ...Full Details0.08%449
Full List
DGRWWisdomTree US Dividend Growth FundThe WisdomTree U.S. Quality Dividend Growth ETF tracks the performance of the WisdomTree US Dividend Growth Index by investing in large- and midcap dividend-paying US common stocks with growth characteristics. ...Full Details0.28%276
Full List
DIVBiShares US Dividend and Buyback ETFThe iShares US Dividend and Buyback ETF tracks an index of large-, mid-, and small-cap US stocks that have a history of dividend payments and/or share buybacks. ...Full Details0.25%354
Full List
DLNWisdomTree US LargeCap Dividend ETFThe WisdomTree U.S. LargeCap Dividend Fund tracks a dividend-weighted index of the 300 largest US companies that pay regularly pay cash dividends. ...Full Details0.28%294
Full List

See Full List of ETFs holding Marsh and McLennan Companies stock in their respective portfolios.

Peer / Competitor Companies of Specialty Insurers Sector

Along with Marsh and McLennan Companies, Inc., the following other peer (competitor) companies also exist within the same Specialty Insurers - Finance sector whose company profile and dividend history is as follows:

▶ Aon PLC (AON): Aon plc, incorporated on December 8, 2011, is a provider of risk management services, insurance and reinsurance brokerage, and human resource (HR) consulting and outsourcing. The Company operates through two ....See Detailed Company Profile,  Dividend History

▶ Arthur J. Gallagher (AJG): Arthur J. Gallagher & Co., incorporated on March 30, 1972, is engaged in providing insurance brokerage and consulting services, and third-party claims settlement and administration services to both domestic and ....See Detailed Company Profile,  Dividend History

▶ Brown and Brown (BRO): Brown & Brown, Inc., incorporated on January 2, 1959, is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, ....See Detailed Company Profile,  Dividend History

▶ CorVel (CRVL): CorVel Corporation (Corvel), incorporated on May 16, 1991, is a provider of workers compensation solutions for employers, third party administrators, insurance companies and government agencies. The Company offers its services ....See Detailed Company Profile,  Dividend History

▶ eHealth (EHTH): eHealth, Inc., incorporated on February 22, 2002, provides a private online source of health insurance for individuals, families and small businesses. The Company is the parent company of eHealthInsurance, a ....See Detailed Company Profile,  Dividend History

▶ Erie Indemnity (ERIE): Erie Indemnity Company, incorporated on April 17, 1925, is a management company. The Company serves as the attorney-in-fact for the subscribers (policyholders) at the Erie Insurance Exchange (Exchange). The Exchange ....See Detailed Company Profile,  Dividend History

▶ Fanhua (FANH): Fanhua Inc., formerly CNinsure Inc., incorporated on April 10, 2007, is an independent online-to-offline financial services provider in China. The Company, through its online platforms, offline sales and service network, ....See Detailed Company Profile,  Dividend History

▶ Fidelity National Financial (FNF): Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers ....See Detailed Company Profile,  Dividend History

▶ First American (FAF): First American Financial Corporation, incorporated on January 14, 2008, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services ....See Detailed Company Profile,  Dividend History

▶ Health Insurance Innovations (HIIQ): Health Insurance Innovations, Inc., incorporated on October 26, 2012, is a developer, distributor and cloud-based administrator of individual and family health insurance plans (IFPs) and supplemental products, which include short-term ....See Detailed Company Profile,  Dividend History

▶ Investors Title (ITIC): Investors Title Company, incorporated on February 5, 1973, is an insurance holding company. The Companys primary business activity, and its operating segment, is the issuance of residential and commercial title ....See Detailed Company Profile,  Dividend History

▶ Stewart Information (STC): Stewart Information Services Corporation, incorporated March 25, 1970, is a global real estate services company. The Company is engaged in offering products and services through its direct operations, network of ....See Detailed Company Profile,  Dividend History

▶ Tiptree (TIPT): Tiptree Inc., formerly Tiptree Financial Inc., incorporated on March 19, 2007, is a diversified holding company that acquires and manages controlling interests of operating businesses. The Company conducts its operations ....See Detailed Company Profile,  Dividend History

▶ Willis Towers Watson (WLTW): Willis Towers Watson Public Limited Company (Willis Towers Watson), incorporated on September 24, 2009, is a holding company. The Company operates as a global advisory, broking and solutions company. It ....See Detailed Company Profile,  Dividend History

... See Full List of All Stocks of Specialty Insurers Sector.

Stock List of Other Finance Sub-sectors

▶ Stocks of Accident and Health Insurance Sector

▶ Stocks of Application Software Sector

▶ Stocks of Asset Management Sector

▶ Stocks of Banks Sector

▶ Stocks of Business Services Sector

▶ Stocks of Capital Markets Sector

▶ Stocks of Closed-End Fund - Debt Sector

▶ Stocks of Commercial Banks Sector

▶ Stocks of Commercial Leasing Sector

▶ Stocks of Commercial REITs - NEC Sector

▶ Stocks of Consumer Finance Services Sector

▶ Stocks of Credit Services Sector

▶ Stocks of Diversified Commercial Services Sector

▶ Stocks of Diversified Financial Services Sector

▶ Stocks of Diversified Insurance Sector

▶ Stocks of Finance Companies Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Insurance Sector

▶ Stocks of Insurance Brokers Sector

▶ Stocks of Investment Bankers and Brokers Sector

▶ Stocks of Investment Companies Sector

▶ Stocks of Investment Funds Sector

▶ Stocks of Investment Managers Sector

▶ Stocks of Investors Services Sector

▶ Stocks of Life Insurance Sector

▶ Stocks of Major Banks Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Mortgage Finance Sector

▶ Stocks of Mortgage REITs Sector

▶ Stocks of Property & Casualty Insurance Sector

▶ Stocks of Property-Casualty Insurers Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Regional Banks Sector

▶ Stocks of REITs Sector

▶ Stocks of Rental & Leasing Services Sector

▶ Stocks of Restaurants Sector

▶ Stocks of Savings Institutions Sector

▶ Stocks of Shell Companies Sector

▶ Stocks of Specialty Insurance Sector

▶ Stocks of Specialty Insurers Sector

Stock List of Other Top-level Sectors

▶ Stocks of Sector

▶ Stocks of Basic Industries Sector

▶ Stocks of Basic Materials Sector

▶ Stocks of Capital Goods Sector

▶ Stocks of Communication Services Sector

▶ Stocks of Consumer Cyclical Sector

▶ Stocks of Consumer Defensive Sector

▶ Stocks of Consumer Discretionary Sector

▶ Stocks of Consumer Durables Sector

▶ Stocks of Consumer Non-Durables Sector

▶ Stocks of Consumer Services Sector

▶ Stocks of Energy Sector

▶ Stocks of Finance Sector

▶ Stocks of Financial Services Sector

▶ Stocks of Health Care Sector

▶ Stocks of Healthcare Sector

▶ Stocks of Industrials Sector

▶ Stocks of Miscellaneous Sector

▶ Stocks of Public Utilities Sector

▶ Stocks of Real Estate Sector

▶ Stocks of Services Sector

▶ Stocks of Technology Sector

▶ Stocks of Transportation Sector

▶ Stocks of Utilities Sector