Morningstar Rating

Stock Research and Analysis

by Bill Bergman
Over time, Marsh & McLennan had developed one of the largest and best-respected risk-management services firms in the world. But in 2004, a regulatory crisis arrived, as investigations into insurance industry compensation and a civil suit from the   Read more 

Bulls Say

Insurance broker subsidiary Marsh has been gaining new business.
MMC's new leaders carry significant weight in the insurance industry.
Long-term demand trends, especially abroad, are favorable for MMC's basic offerings of risk-management and retirement services. Read more 

Bears Say

Shareholders have endured the cost of the company's regulatory problems, and litigation relating to those matters continues.
MMC's revenue and margins have been sensitive to insurance premium rates and market conditions. Read more 

Strategy

MMC offers clients a broad variety of innovative financial and business services, with a common thread of providing solutions to clients' risk-management needs. The business units report to the parent   Read more 

Management

MMC has had some senior-level turnover in recent years as its recovery from the 2004 regulatory crisis lagged expectations. We had viewed the company's performance fairly positively in light of the softening insurance markets but still see the recent   Read more 

Profile

Marsh & McLennan is a professional services firm that offers risk-management advice and transaction services via three major operating units. Marsh Inc. provides risk   Read more 

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