Full Description

Marsh & McLennan Companies, Inc. (MMC) is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. The Company is the parent company of a number of risk experts and specialty consultants, including Marsh, the insurance broker, intermediary and risk advisor; Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of human resource (HR) and related financial advice and services; Oliver Wyman Group, the management consultancy, and Kroll, the risk consulting firm. MMC conducts business through three segments: Risk and Insurance Services, Consulting and Risk Consulting and Technology. During the year ended December 31, 2008, Marsh established the Marsh & McLennan Agency to service small to middle market organizations that tend to be United States-based firms with little overseas insurance needs

Risk and Insurance Services

Risk and Insurance Services consists of Marsh and Guy Carpenter. Marsh offers risk and insurance services and solutions to its clients. Marsh is engaged in introducing and promoting the concept and practice of client representation through brokerage, the discipline of risk management, the globalization of insurance and risk management services and many other new tools and service platforms. In the Company’s main insurance broking and risk consulting business, Marsh addresses clients’ risk management and insurance needs. Services are organized and provided in three distinct business segments: Large Organizations, Mid-Size Organizations and Small and Medium Enterprise Organizations. Marsh’s Global Risk Management (GRM) Practice focuses on clients, which include United States-based entities with global operations or international companies with United States exposures and insurance program elements. Mid-Size Organizations are mid-size firms whose needs vary depending on industry, size, geography and the competitive environment, in which they operate.

Marsh provides consultative advice, brokerage and claims advocacy services through dedicated global Risk, Specialty and Industry Practices. For both large- and mid-size organizations, it facilitates the requisite breadth of coverage and to reduce cost of risk. Marsh Risk Consulting (MRC) is a global organization comprised of consulting specialists dedicated to providing clients with advice and solutions across a range of insurable and non-insurable risk issues, such as restructuring, acquisitions, product safety, patient safety, business interruption, supply chain, governance, workforce, intellectual property valuation and reputation. In addition to its main risk management and broking practices, Marsh operates a global consumer business that designs, sells, implements and administers insurance-related risk management and financial service programs for sponsoring clients and high-net-worth individuals.

Captive Solutions serves more than 1,100 captive facilities, including single-parent captives, reinsurance pools, risk retention groups and others. The Practice includes the Captive Advisory group, a consulting arm that performs captive feasibility studies and helps to structure and implement captive solutions, and Captive Management, which manages captive facilities, providing administrative, consultative and insurance-related services. Acting as a broker or intermediary on all classes of reinsurance, Guy Carpenter places two types of property and casualty reinsurance: treaty reinsurance, which involves the transfer of a portfolio of risks, and facultative reinsurance, which entails the transfer of part or all of the coverage provided by a single insurance policy.

Consulting

MMC conducts business in this segment through Mercer and Oliver Wyman Group.

Mercer is a global provider of human resource consulting and related outsourcing and investment services. Mercer operates in the areas, which include Retirement, Risk and Finance Consulting, Health and Benefits, Other Consulting Lines, Outsourcing and Investment Consulting and Management.

Risk Consulting & Technology

MMC’s Risk Consulting and Technology segment conducts business through Kroll. Kroll is a risk intelligence company. Kroll provides a range of consulting-based services and technology-enabled solutions to a global client base of law firms, financial institutions, corporations, non-profits, government agencies and individuals. Kroll’s Consulting Services Group helps clients mitigate business, financial and physical risks to facilitate the achievement of their legal, operational and financial objectives. Kroll’s Litigation Support and Data Recovery unit provides its services through Kroll Ontrack. Kroll’s Background Screening companies provide organizations with comprehensive screening services that help them make informed choices in such critical areas as employment, lending, vendor selection, investment placement and academic institutional admissions.