MMC reports rising profits
by Richard Kilner
Story link: MMC reports rising profits
Marsh & McLennan Companies, Inc. (MMC) has reported that in the third quarter of 2012 it made consolidated revenue of $2.8bn, a 1% year-on-year rise. Quarterly income from continuing operations was $246m, equating to $0.43 per share, nearly double the $133m ($0.23 per share) of the corresponding period last year. Net income was $241m, up [...]
MMC CEO and president to retire
by Richard Kilner
Story link: MMC CEO and president to retire
Marsh & McLennan Companies, Inc. (MMC) has announced that President and Chief Executive Officer Brian Duperreault is to step down at the end of the year. Group President and Chief Operating Officer Daniel S. Glaser has been named as Duperreault’s successor, with effect from 1 January 2013. Chairman of the Board of Directors Lord Lang [...]
MMC appoints Bischoff CFO
by Richard Kilner
Story link: MMC appoints Bischoff CFO
Marsh & McLennan Companies, Inc. (MMC) has announced that it has appointed J. Michael Bischoff to the role of chief financial officer. Bischoff, who assumes his new position with immediate effect, will be directly responsible to President and Chief Executive Officer Brian Duperreault. Bischoff has worked as interim chief financial officer since March, prior to [...]
MMC achieves improved Q2 and H1 profits
by Richard Kilner
Story link: MMC achieves improved Q2 and H1 profits
Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for the second quarter of 2012. In the three months ended 30 June 2012 the firm made net income of $329m, up from the $282m of the corresponding period last year but slightly down on the $347m MMC made in Q1 2012. Quarterly consolidated [...]
MMC’s Q1 profits on the rise
by Richard Kilner
Story link: MMC’s Q1 profits on the rise
Marsh & McLennan Companies, Inc. (MMC) has reported that in the three months ended 31 March 2012 it made consolidated quarterly revenue of $3.1bn, a 6% year-on-year rise. The firm also reported quarterly net income of $347m, an improvement on the $325m it made during the corresponding period last year and the $256m of Q4 [...]
MMC appoints chief HR officer
by Richard Kilner
Story link: MMC appoints chief HR officer
Marsh & McLennan Companies, Inc. (MMC) has announced the appointment of Laurie Ledford to the position of senior vice president and chief human resources officer. In her new role Ledford assumes responsibility for the firm’s human resources function and will report directly to MMC President and Chief Executive Officer Brian Duperreault. Duperreault attributed the firm’s [...]
MMC appoints new International chairman
by Richard Kilner
Story link: MMC appoints new International chairman
Marsh & McLennan Companies, Inc. (MMC) has announced that Guy Carpenter President and Chief Executive Officer Alexander Moczarski is to take on the additional position of Marsh & McLennan Companies International chairman. In his new role Moczarski will be tasked with oversight of the firm’s international strategy and its country corporate officers. Before joining Guy [...]
MMC reports rising profits in 2011
by Richard Kilner
Story link: MMC reports rising profits in 2011
Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for the three months and year ended 31 December 2011. Net income in Q4 was $256m, a significant rise on the $203m of the corresponding period last year and the $130m of Q3 2011. Quarterly earnings per share rose, year-on-year, from $0.37 to $0.46. [...]
MMC reports Q3 and interim profits
by Richard Kilner
Story link: MMC reports Q3 and interim profits
Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for the third quarter, including income from continuing operations of $133m, equating to $0.23 per share. This is very slightly better than the $128m ($0.22 per share) the firm managed in Q3 2010. Quarterly net income was $130m ($0.24 per share), down from $168m [...]
MMC enjoys triple awards success
by Richard Kilner
Story link: MMC enjoys triple awards success
Marsh & McLennan Companies, Inc. (MMC) has announced that President and Chief Executive Officer Brian Duperreault has been named the Insurance Broking CEO of the Year in Reactions magazine’s 2011 Global Market Awards. In addition to this, Marsh and Guy Carpenter (wholly owned subsidiaries) were named Best Global Insurance Broker and Best Global Reinsurance Broking [...]
MMC appoints chief information officer
by Richard Kilner
Story link: MMC appoints chief information officer
Marsh & McLennan Companies, Inc. (MMC) has announced the appointment of Ben Allen as the firm’s new chief information officer. Allen already holds the positions of chief innovation officer and senior vice president and will assume his new role with immediate effect. In his new position he will oversee the global technology infrastructure group and [...]
MMC reports rising biannual and Q2 profits
by Richard Kilner
Story link: MMC reports rising biannual and Q2 profits
Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for the second quarter of the year. Quarterly consolidated revenue was $2.9bn, up 12% from the corresponding period last year ($2.6bn) and flat with the first quarter of 2011. Net income in Q2 was up 19% from $236m to $282m, but declined from the [...]
Marsh and Mercer’s new Manchester office opens
by Richard Kilner
Story link: Marsh and Mercer’s new Manchester office opens
Brian Duperreault, president and chief executive officer of global professional services firm Marsh & McLennan Companies, has opened the new Manchester office of subsidiaries Marsh and Mercer. The new office came about after an announcement last year that the two firms were to consolidate their Manchester operations into a single location. Duperreault described the move [...]
MMC appoints Corporate Communications chief
by Richard Kilner
Story link: MMC appoints Corporate Communications chief
Marsh & McLennan Companies, Inc. (MMC) has announced the appointment of Silvia Davi as vice president and head of Corporate Communications and Brand. Davi will supervise the firm’s global corporate communications, including branding, public relations and internal communications. She will be directly responsible to Chief Human Resources and Communications Officer Orlando Ashford. She joins the [...]
MMC enjoys strong start to 2011
by Richard Kilner
Story link: MMC enjoys strong start to 2011
Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for the quarter ended 31 March 2011. The firm recorded consolidated revenue of $2.9bn, a 9% rise on the corresponding period in 2010 when the firm made $2.8bn. Quarterly net income increased by 31% from $248m in the same period last year to $325m, [...]
MMC announces senior management changes
by Richard Kilner
Story link: MMC announces senior management changes
Marsh & McLennan Companies, Inc. (MMC) has announced a number of changes to its senior management team. The newly created position of group president and chief operating officer has been taken on by Daniel S. Glaser, who will report directly to MMC President and Chief Executive Officer Brian Duperreault. Glaser previously worked for the firm [...]
MMC reports rising Q4 and annual profits
by Richard Kilner
Story link: MMC reports rising Q4 and annual profits
Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for the fourth quarter and full-year 2010. In Q4, consolidated revenue rose 9% to $2.8bn (year-on-year) and increased by $0.3bn from the Q3 2010 result. Quarterly net income was recorded at $203m (equating to $0.37 per share), an improvement from the Q4 2009 net [...]
MMC reports Q3 results
by Richard Kilner
Story link: MMC reports Q3 results
Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for the third quarter of 2010. The firm saw income from continuing operations of $128m in Q3 (equating to $0.22 per share), down substantially from the $207m ($0.38 per share) earnt in Q3 2009. Quarterly net income was $168m ($0.30 per share), down from [...]
MMC reports Q2 and H1 results
by Richard Kilner
Story link: MMC reports Q2 and H1 results
Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for the second quarter of 2010. In Q2 consolidated revenue increased by 6% to $2.6bn compared to the same period last year. Net income for the quarter was $236m, equating to $0.43 per share, a substantial improvement on the net loss of $193m ($0.37 [...]
MMC reports Q1 profits
by Richard Kilner
Story link: MMC reports Q1 profits
Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for the first quarter of 2010. The organisation saw its net income increase to $248m, or $0.45 per share, up from Q1 2009′s net income of $176m, equating to $0.33 per share. This compares especially favourably with the low Q4 2009 net income of [...]
