Marsh & McLennan Expands Middle-Market Reach With McGriff Integration [Yahoo! Finance]
Marsh & McLennan Companies, Inc. (MMC)
Last marsh & mclennan companies, inc. earnings: 4/30 07:00 am
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Source: Yahoo! Finance
into its Marsh McLennan Agency (“MMA”) division, one of its higher growth areas. This move is expected to enhance MMA's capabilities, particularly in the middle-market segment, and expand its reach. The acquisition will likely strengthen Marsh & McLennan's risk management, insurance, and broking services while leveraging McGriff's expertise and talent. It is expected to boost MMA's capabilities in key areas, including commercial property and casualty, employee benefits, personal lines and management liability. It will also provide McGriff employees with access to MMC's global resources and further solidify MMC's position as a leader in the insurance and risk advisory sectors. The move will likely expand its client base, service offerings and cross-selling opportunities, triggering revenue growth. Notably, McGriff's revenues for the trailing 12 months ended June 30, 2024, amounted to $1.3 billion. MMA accounts for almost half of the Marsh US/Canada unit. During September-end, MMC
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MMC
News
- Marsh & McLennan Companies, Inc. (NYSE: MMC) had its price target raised by analysts at Barclays PLC from $236.00 to $246.00. They now have an "equal weight" rating on the stock.MarketBeat
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MMC
Earnings
- 10/17/24 - Beat
MMC
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- MMC's page on the SEC website