Marsh McLennan in the context of "Talent management"

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⭐ Core Definition: Marsh McLennan

Marsh & McLennan Companies, Inc., doing business as Marsh McLennan and Marsh, is a global professional services firm, headquartered in New York City with businesses in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Its four main operating companies are Marsh (53% of 2024 revenues), which offers risk management, insurance broking, insurance program management, risk consulting, analytical modeling and alternative risk financing services; Marsh Re (formerly Guy Carpenter; 10% of 2024 revenues), a reinsurance intermediary and advisor; Mercer (23% of 2024 revenues), which provides consulting to employers for health insurance, retirement plans, and pension plans; and Oliver Wyman; 14% of 2024 revenues, including Lippincott and NERA Economic Consulting, which provides consulting services. In 2024, Risk and Insurance Services contributed a total of 63% of revenues and 71% of operating profit, while Consulting contributed 37% of revenues and 29% of operating profit.

It is the largest insurance broker worldwide.

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Marsh McLennan in the context of Mercer (consulting firm)

Mercer is an American consulting firm founded in 1945. It is one of the four operating subsidiaries of global professional services firm Marsh McLennan (NYSE: MMC). Mercer is headquartered in New York City with offices in 43 countries and operations in 130 countries. The company primarily provides human resources and financial services consulting services to its clients.

Mercer has several distinct lines of business, namely: health and benefits, investments and retirement, workforce and careers, and M&A advisory services. It is the world's largest investment advisory with over US$300 billion outsourced assets under management and US$16 trillion under advisement in total.

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