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Fortune 500 - Spot Number 176
Company Information
Name: Marsh & McLennan Co's
Industry: Insurance (Miscellaneous)
Description: Marsh & McLennan Companies, Inc. (MMC) is a global professional services firm. MMC is the parent company of various subsidiaries and affiliates that provide clients with analysis, advice and transactional capabilities in the fields of risk and insurance services, investment management and consulting. The Company's risk and insurance services are provided by its subsidiaries and their affiliates as broker, agent or consultant for insureds, insurance underwriters and other brokers, on a worldwide basis, in the areas of risk management and insurance broking, reinsurance broking and services and related insurance services. Investment management and related services are provided by Putnam Investments Trust and its subsidiaries.
Financial Summary: MMC is a holding co. which, through its subsidiaries, provides analysis, advice and transactional capabilities in the fields of insurance & reinsurance brokering, consulting and investment management. For the 6 months ended 6/30/05, revenues increased 1% to $6.28B. Net income decreased 64% to $300M. Results reflect an increase in service revenue and investment income, offset by an increase in compensation and benefits expenses.
Business Summary: Marsh & McLennan Companies, Inc. (MMC) is a global professional services firm. MMC is the parent company of various subsidiaries and affiliates that provide clients with analysis, advice and transactional capabilities in the fields of risk and insurance services, investment management, and consulting and human resource (HR) services. In June 2004, the Company formed a new organization, merging the administration business of Putnam Investments and Mercer HR Outsourcing, to create a unified, full-service global company engaged in human resources outsourcing. In July 2004, the Company acquired Kroll Inc., a risk mitigation services firm.
Misc Details
Symbol: MMC
City: New York
State: NY
ZIP Code: 10036
Address: 1166 Avenue of the Americas
Phone: 212-345-5000
Fax: 212-345-4808
Website: http://www.marshmac.com
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