New York, United States
Marsh & McLennan Companies, Inc. (MMC) has been ranked as the world's largest insurance broker for the 36th consecutive year by Business Insurance, which published its annual 2007 brokerage report earlier.
MMC's 2006 brokerage and related services revenue of $10.474 billion was more than $3 billion ahead of its nearest competitor, and was roughly equivalent to its three largest rivals combined.
"We're proud that the numbers validate our industry leadership, but the main reason clients choose Marsh more than any other broker is our people," said Marsh chairman and CEO Brian Storms. "In truth, our revenues measure the greatness of our colleagues - specifically, their expertise and passion for serving clients better than anyone else. This honor again belongs to them."
Business Insurance, published by Crain Communications for all sectors of the risk and insurance services industry, has a total qualified circulation to more than 43,000 subscribers in finance, risk management, insurance, employee benefits, and related disciplines.
As the world's leading insurance broker and risk advisor, Marsh has 26,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 55,000 employees and approximately $12 billion of annual revenues. MMC also is the parent company of Guy Carpenter, Kroll, Mercer Human Resource Consulting, Oliver Wyman, and Putnam Investments. MMC's stock (ticker symbol: MMC) is listed on the New York, Chicago, and London stock exchanges. MMC's Web Site is www.mmc.com.
Source: Business Wire (Business Wire India)