A Review Of A Marsh Insurance Broker (Marsh Insurance Broker Review)

A Review Of A Marsh Insurance Broker (Marsh Insurance Broker Review) History Marsh & McLennan Companies (MMC) was founded in 1871. Marsh is now one of the world's leading insurance brokers and risk management advisors. In 1923, Marsh got into the reinsurance broking industry when it acquired Guy Carpenter & Company.

In 1959, MMC acquired the Canadian benefits consultation company William M. Mercer Limited. This acquisition allowed Marsh to enter the human resource consulting industry. The company is now known as Mercer Human Resource Consulting and it is a global leader in the field of HR and related financial products, advice and services. In 1970, Marsh bought Putnam Investments and entered the field of investment management (the mutual funds industry). In the 1980’s, MMC expanded into specialty consulting and included strategy and operations consulting (Mercer Management Consulting), organizational change consulting (Mercer Delta), economic consulting (NERA), design and brand strategy consulting (Lippincott Mercer), and financial services strategy and risk management co

nsulting (Mercer Oliver Wyman).

In 2004, MMC bought Kroll, a company that provides a large number of investigative, financial, security, intelligence and technology services. This gave a boost to MMC’s risk consulting services. In 2004, Marsh won the Asian Insurance Broker of the Year Award as well as the Broker of the Year Awards in Australia and New Zealand for consistently high consumer service standards, innovation, professionalism, responsiveness to customer needs and exceptionally good financial performance. MMC has annual revenues of approximately $12 billion and has 55,000 colleagues in more than 100 countries that help sell MMC products to clients and advise them about how to deal with critical business risks and issues. A Marsh insurance broker will be employed by the following companies and will work in one of the following areas : Risk Consulting and Technology - Using Kroll’s expertise, Marsh provides a variety of a large number of investigative, financial, security, intelligence and technology services. Kroll serves law firms, corporations, nonprofits, government agencies, financial institutions and individuals all over the world. Mercer Specialty Consulting - Mercer Management Consulting helps enterprises create and manage strong businesses that ensure “shareholder value growth”. Mercer Management Consulting includes Mercer Oliver Wyman (a leader in financial services and risk management consulting), Mercer Delta Organizational Consulting works (which works with boards of directors, executives and CEOs to help organize institutions and bring about positive changes), NERA Economic Consulting (which provides information and guides law firms, corporations, courts and government entities about regulation and finance) and Lippincott Mercer (which helps clients create and manage brands and their corporate identity).

Risk and Insurance Services - This includes global risk management, financial solutions, risk consulting, insurance program management services for associations, businesses, public entities, professional services organizations, and private clients and insurance broking. These services are provided by Guy Carpenter subsidiaries on a fee basis. Human Resource Consulting - Mercer Human Resource Consulting is a global leader in the field of HR and related financial products, advice and services. Mercer HR includes units such as Mercer Investment Consulting and Mercer Global Investments, Mercer Health & Benefits and Mercer HR Services. Mercer Health & Benefits helps clients create and implement employee health care and insured group benefit programs. Mercer Investment Consulting and Mercer Global Investments helps investors as well as retirement plan participants and sponsors achieve long-term returns without too much risk. Mercer HR Services provides a variety of outsourcing services related to HR. Investment Management - Through Putnam Investments, Marsh offers a full range of equity and fixed income products to individual and institutional investors that are invested globally and domestically. “At the end of January 2007, Putnam had $191 billion in assets under management. Mutual fund assets were $123 billion and institutional assets were $68 billion”.