As a brokerage firm, the business collects advisory fees from its clients. In exchange, they provide them the casualty and property insurance that would best suit their needs. There are four primary subsidiaries of the company that further operates sub-companies: Marsh Risk Consulting, Mercer, Guy Carpenter & Company and the Oliver Wyman Group. Through their network of financial advisors, they are able to globally address the needs of their clients in various countries. The business exists to provide their customers the much needed advice and sought after solutions to respond to various business issues and risks.
The market leading brands carried by the company covers more than 100 countries. Through its strategic acquisition of similar companies and merger with advantageous businesses, Marsh & McLennan became one of the world’s largest insurance agencies. The company kicked off as Burrows, Marsh & McLennan in 1905. The name Burrows was dropped a year after to reflect the current branding of the business.
There are more than 52,000 financial associates that the company employs. Together, their efforts generate more than $11.5 billion in annual revenue, making them the 228th largest corporation based in the United States. This ranking is based on the report released by Fortune 500.
Headquartered in Chicago, Illinois, the enterprise is listed as part of the S&P 500 and the Russell 1000 Indices. The business is also listed as part of the top 50 performing companies in the S&P listing. Bloomberg Businessweek also ranked the business as part of their 50 top companies. Currently, the latter ranked Marsh & McLennan on the 29th spot.