Marsh and McLennan Companies stock certificate 1980's (financial services)
Affordable financial piece with a great engraved vignette of a classical male figure holding a scroll in front of a modern city and hydroelectric dam scenes. Issued and cancelled. Dated in the early 1980's.
Marsh & McLennan Companies, Inc. is a global professional services firm with headquarters in New York City. Marsh & McLennan Companies was also ranked 29th on the 2012 Bloomberg Businessweek 50, the magazine's annual ranking of the S&P 500's top 50 performing companies.
Burroughs, Marsh & McLennan was formed by Henry W. Marsh and Donald R. McLennan in Chicago in 1905. It was renamed as Marsh & McLennan in 1906. The reinsurance firm Guy Carpenter & Company is acquired in 1923 a year after its founding by Guy Carpenter. In 1975, Marsh & McLennan acquired the human resources consulting firm Mercer. In 1997, the company bought Johnson & Higgins and Sedgwick shortly after.
In 2003, it purchased the consultancy business Oliver, Wyman & Company and merged these with some of the consultancy businesses it already had from previous acquisitions, particularly the Mercer business under the brand name of Oliver Wyman.
In August 2007, Marsh completed the sale of its Putnam Investments division to Great-West Lifeco Inc., a financial services holding company controlled by Canada-based Power Financial Corp. after it settled charges of market timing.
At the time of the September 11 attacks in the United States in 2001, the corporation held offices on eight floors of the North Tower of the World Trade Center, from 93 to 100. When American Airlines Flight 11 crashed into the building, their offices spanned the entire impact zone, from floors 93 to 99. Everybody present in the offices at the time of the attack died, and the firm lost 295 employees and 63 contractors.
Marsh & McLennan is a diversified risk, insurance and professional services firm composed of:
- Marsh LLC. and Marsh Brokers, insurance broking and risk management consulting through Marsh Risk Consulting. Peter Zaffino has been the president and CEO since 2011;
- Mercer, a collection of consulting and services firms (including Mercer Human Resource Consulting, Mercer HR Services, and Mercer Investment Consulting);
- Guy Carpenter & Company, a reinsurance intermediary;
- Oliver Wyman Group, a collection of management consulting firms (including Oliver Wyman, formerly Mercer Management Consulting, Mercer Oliver Wyman, and Oliver Wyman Delta, as well as Lippincott and NERA Economic Consulting)