NEW YORK, April 8, 2024 /PRNewswire/ -- Oliver Wyman, a global leader in management consulting, and a business of Marsh McLennan (NYSE:MMC) today announced the new name for the combination of legacy aviation brand CAVOK and recently acquired SeaTec Consulting Inc.. The new name for the combined businesses is Oliver Wyman Vector and will be part of the firm's broader transportation practice. "We are excited to unveil Oliver Wyman Vector at the MRO Americas conference, one of the industry's premier events," s ...

Marsh & McLennan Companies, Inc. (MMC) is well-poised for growth on the back of sustained revenue increase, new business growth, frequent acquisitions and a commendable financial position. Zacks Rank & Price RallyMarsh & McLennan currently carries a Zacks Rank #3 (Hold).The stock has gained 30.4% in the past year compared with the industry’s 25.6% rise. The Zacks Finance sector and the S&P 500 composite have rallied 26.4% and 29.4%, respectively, in the said time frame. Image Source: Zacks Investment Resear ...

NEW YORK--(BUSINESS WIRE)--Mercer, a global investments leader and a business of Marsh McLennan (NYSE: MMC), today announced the completion of its acquisition of Vanguard’s Outsourced Chief Investment Officer (OCIO) business that provides investment management services for not-for-profit organizations and other institutional investors in the United States. The acquisition, announced in December of last year, expands Mercer’s capabilities and expertise across investment solutions in the US. Commenting on ...

NEW YORK--(BUSINESS WIRE)--Corridor Platforms, a leading decision workflow automation platform, and Oliver Wyman, the global management consultancy, today announced a new generative AI initiative: Project GGX. Key questions that Project GGX will address are: How can GenAI be safely deployed in large complex enterprises like financial institutions? What should leading institutions consider as they evaluate how to safeguard against unintended risks and consequences resulting from generative AI? "Project G ...

NEW YORK--(BUSINESS WIRE)--Mercer, a business of Marsh McLennan (NYSE: MMC), today released its 2024 Global Talent Trends Study. Drawing on insights from over 12,000 C-suite executives, HR leaders, employees and investors globally, the research reveals actions employers are taking to thrive in this new era. “This year’s findings highlight staggering shifts at work,” said Pat Tomlinson, President, Mercer. “They point to a notable divergence between the views of the C-Suite and HR on what will carry busine ...

LONDON & BOSTON--(BUSINESS WIRE)--New health, benefits, and pensions administrator Aptia today announced the appointment of Jeff Williams as U.S. President and CEO. Based out of Aptia’s U.S. headquarters in Boston, Jeff will be responsible for Aptia’s benefits administration services book of business and will report directly to Bala Viswanathan, Aptia Founder & Group CEO. “We are excited to welcome Jeff to Aptia as he brings a wealth of experience and knowledge in the North American benefits administrat ...

Marsh & McLennan Companies, Inc.’s (MMC) Marsh McLennan Agency (“MMA”), a division of MMC’s Marsh business, recently closed buyouts of two middle-market agencies of Louisiana, Querbes & Nelson (“Q&N”) and Louisiana Companies. The terms of the deal have been kept under wraps.The twin buyouts are expected to strengthen the capabilities of MMA as well as solidify its presence significantly across Louisiana. The acquired companies seem to be prudent picks for buyouts by MMA owing to their longstanding history o ...

Marsh & McLennan Companies, Inc.’s (MMC) sub-unit from the Consulting segment, Mercer, recently introduced Mercer SelectRx in a bid to generate higher savings on specialty drug expenses for employers and their employees.The new product leverages the proprietary and cloud-based technology platform of Free Market Health and is also built with the power to offer transparency on specialty pharmacy pricing. Specialty prescriptions are directed to the platform consequent to which a comparison is made among an org ...

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Marsh McLennan Agency (MMA), a subsidiary of Marsh, today announced that it has completed its previously announced acquisitions of two Louisiana-based middle-market agencies, Querbes & Nelson (Q&N) and Louisiana Companies. Terms of the transactions were not disclosed. With the closing of these acquisitions, MMA has doubled its presence in Louisiana. Kevin Briggs is now CEO of Louisiana Companies and Q&N, Mike Belanger is now President and Chief Sales Officer of Q&N, and ...

LONDON--(BUSINESS WIRE)--Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, together with the Ukrainian government and Lloyd’s, today announced a major expansion of its Unity insurance facility. Unity now provides affordable war risk insurance for ships carrying all non-military cargo – such as iron ore, steel, and containerised shipping – and underpins Ukraine’s wider maritime export ecosystem. Launched in November 2023 to provide afford ...