Marsh (company)

Marsh & McLennan Companies, Inc. (Marsh) is a global professional services firm headquartered in New York City. It operates primarily in the risk management, insurance broking, and reinsurance broking sectors. Founded in 1871 as a marine insurance brokerage, Marsh has grown to become one of the world's largest providers of insurance and risk management services, operating across numerous countries and offering a wide range of products and services to its diverse clientele. This includes advising clients on risk mitigation strategies, procuring insurance policies tailored to specific needs, and managing claims in the event of losses.

The company's core business segments often include:

• Insurance Brokerage: Marsh acts as an intermediary between insurance companies and clients, helping clients find appropriate insurance coverage at competitive prices. They negotiate terms and conditions, secure policies, and manage the overall insurance portfolio for their clients.

• Risk Management Consulting: Marsh provides advice and solutions to mitigate various risks faced by their clients, including financial, operational, strategic, and reputational risks. This often includes risk assessments, development of risk management frameworks, and implementation of risk mitigation programs.

• Reinsurance Broking: Marsh also facilitates the buying and selling of reinsurance, assisting insurance companies in managing their own risk exposures.

Throughout its history, Marsh has been involved in several notable acquisitions and mergers, contributing to its expansion and diversification of services. It is consistently ranked among the leading players in the global insurance brokerage industry. While privately held for much of its existence, Marsh & McLennan Companies, Inc. is now a publicly traded company. Further details regarding specific financial performance and current market position can be found in their annual reports and publicly available financial information.