redirects here . for the neighbours character see guy carpenter neighbours . marsh & mclennan marsh & mclennan headquarters at 1166 6th avenue in new york city type public traded as nyse mmc s & p 500 component industry insurance brokers professional services founded chicago illinois u.s. 1905 1 headquarters 1166 avenue of the americas new york city new york u.s. united states key people dan glaser president & ceo revenue 13 billion 2014 2 operating income 2.3 billion 2014 2 net income 1.47 billion 2014 2 total assets 17.8 billion 2014 2 total equity 7.1 billion 2014 2 number of employees 57 000 2014 2 subsidiaries marsh guy carpenter mercer oliver wyman group website mmc.com mmc prior logo marsh & mclennan companies inc. is a global professional services firm headquartered in new york city with businesses in insurance brokerage risk management reinsurance services talent management investment advisory and management consulting . 3 marsh & mclennan companies was ranked 29th on the 2012 bloomberg businessweek 50 the magazine s annual ranking of the s & p 500 s top 50 performing companies . 4 the firm was established in 1905 and is considered the largest insurance broker in the world 2015 by revenue . 5 contents 1 history 1.1 september 11 attacks 2 operating segments & subsidiaries 3 marsh & mclennan in the news 4 marsh & mclennan companies management 5 see also 6 references 7 external links history edit 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 it acquired the human resources consulting firm mercer . in 1997 it bought johnson & higgins shortly after it bought sedgwick . 6 in 2003 it purchased the consultancy business oliver wyman & company and merged these with some of the consultancy businesses 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 . 7 september 11 attacks edit 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 . 8 when american airlines flight 11 crashed into the building their offices spanned the entire impact zone from floors 93 to 99 . 9 everybody present in the offices at the time of the attack died and the firm lost 295 employees and 63 contractors . 1 operating segments & subsidiaries edit marsh & mclennan companies is composed of two primary business segments risk and insurance services and consulting . the risk and insurance services segment includes marsh and guy carpenter . the consulting segment includes mercer and oliver wyman . 10 marsh which provides insurance broking and risk management consulting . peter zaffino has been the president and ceo since 2011 ; guy carpenter a risk and reinsurance intermediary ; mercer offering health retirement talent and investment consulting services ; 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 marsh & mclennan in the news edit on october 11 2001 marsh established a crisis consulting practice specializing in terrorism with ambassador l. paul bremer as chairman . marsh also announced a partnership with control risks group to provide political risk assessment . on july 8 2004 marsh completed the acquisition of kroll inc. 11 jeffrey w. greenberg called it an important strategic step . the company had employed terrorism expert john o neill formerly of the federal bureau of investigation . on october 14 2004 new york state attorney general eliot spitzer announced the initiation of a civil action against marsh alleging impropriety in the steering of clients to insurers with whom the company maintained payoff agreements and for soliciting rigged bids for insurance contracts from the insurers . the attorney general announced that two aig executives pleaded guilty to criminal charges in connection with this illegal course of conduct and stated there is simply no responsible argument for a system that rigs bids stifles competition and cheats customers . former ceo jeffrey w. greenberg resigned several weeks later . the suit was ultimately settled out of court . on january 31 2005 marsh & mclennan agreed on an 850 million settlement for its bid rigging practices . 12 in july 2007 marsh & mclennan cos. inc. was ranked first in business insurance s world s largest brokers list . 13 on september 14 2007 brian m. storms the ceo of marsh s insurance brokerage unit resigned . as michael g. cherkasky explained his departure we now need a different set of leadership and operational skills . 14 marsh & mclennan companies management edit president ceo dan glaser since jan 1 2013 chairman lord lang of monkton non executive chairman 2010 present see also edit willis towers watson references edit a b milestones of marsh & mclennan companies . retrieved 2011 08 27 . a b c d e f marsh & mclennan 2014 annual report form 10 k filing date feb 26 2015 . secdatabase.com . retrieved may 28 2015 . mmc profile marsh & mclennan companies inc. . yahoo finance . yahoo . retrieved 6 may 2016 . bloomberg businessweek s ranking of top performing companies . bloomberg businessweek . january 23 2012 . world rankings . retrieved 2016 09 14 . milestones of marsh & mclennan companies . mmc . retrieved 20 december 2009 . marsh completes sale of putnam investments to great west lifeco . insurancejournal.com . august 6 2007 . special report wtc tenant relocation summary . tenantwise . september 2003 . dwyer jim and flynn kevin 102 minutes the untold story of the fight to survive inside the twin towers times books 2006 p. 19 . marsh & mclennan companies 2015 annual report . sec.gov . sec . retrieved 6 may 2016 . chronological list of events for marsh and mclennan . scott scott llc s clients seek leadership roles in benefits lawsuit against marsh & mclennan ; plan participants including current and former employees seek remedies at law under erisa . . february 5 2005 . retrieved jul 1 2013 . business insurance leading brokers 2007 marsh & mclennan cos. inc. . business insurance . retrieved 27 aug 2011 . roberts sally september 14 2007 . storms out as marsh chief . business insurance . external links edit official website retrieved from https en.wikipedia.org w index.php title marsh % 26 mclennan companies & oldid 743328757 categories companies based in new york citycompanies listed on the new york stock exchangefinancial services companies of the united statesinsurance companies of the united states1905 establishments in new yorkfinancial services companies established in 1905american companies established in 1905hidden categories official website different in wikidata and wikipedia navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschfran ais portugu srom n edit links this page was last modified on 9 october 2016 at 04 04 . text is available under the creative commons attribution sharealike license ; 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