Marsh, a global leader in insurance broking and risk management, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has approximately 26,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy, and human capital. With 53,000 employees worldwide and annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in human resource consulting and related services; and Oliver Wyman, a global leader in management consulting.
Marsh is a world leader in delivering risk and insurance services and solutions to its clients. From its founding in 1871 to the present day, Marsh has provided thought leadership and innovation for clients and the insurance industry — 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 innovative tools and service platforms.
Marsh generated approximately 45% of Marsh & McLennan Companies' total operating segment revenue in 2012. Over 26,000 Marsh colleagues provide risk management, risk consulting, insurance broking, alternative risk financing, and insurance program management services to a wide range of businesses, government entities and professional service organizations around the world in more than 100 countries.
Marsh's clients vary by size, industry, geography and risk exposures. Marsh is organized to serve clients efficiently and effectively, delivering tailored solutions based on complexity of the risk and global footprint, and matched to clients' buying styles.
Insurance Broking and Risk Consulting
In its main insurance broking and risk consulting business, Marsh employs a team approach to address clients' risk management and insurance needs. Each client relationship is coordinated by a client executive who draws from the many industry and risk specialties within Marsh to assemble the resources needed to analyze, measure and assist a client in managing its various risks.
In further support of its clients' strategic, operational and risk management objectives, Marsh provides consultative advice, brokerage and claims advocacy services through an array of dedicated global risk specialties and industry practices. For both large and mid-size organizations, Practice colleagues apply their experience and working knowledge of clients' industry sectors, and of the unique environments in which they operate, to facilitate the requisite breadth of coverage and to reduce cost of risk.
Product and service offerings include program design and placement, post-placement program support and administration, claims advocacy, and a wide array of risk analysis and risk management consulting services. These include:
Bowring Marsh was established in 2008 to respond to clients' growing needs and marketplace opportunity, specializing as an international placement broker for Property (including terrorism) and Casualty risks.
Bowring Marsh utilizes placement expertise in major international insurance market hubs (including Bermuda, Brazil, Dublin, London, Miami, Singapore, Tokyo and Zurich) and an integrated global network to secure advantageous terms and conditions for its clients throughout the world.
Marsh is the leader in helping create innovative strategies that have significantly expanded the role of captive insurers. For almost 40 years, Marsh has helped organizations achieve their financial and strategic objectives through a complete array of captive management and advisory services. Marsh offers industry-leading experience in captive program design and has offices in all of the world's major captive domiciles.
CS STARS serves the technology needs of risk management professionals, as well as insurance carriers and third-party administrators, through integrated software and services that support risk management, claims administration, compliance management, and data management.
Multinational Client Service
Multinational Client Service (MCS) is solely focused on delivering service excellence and insurance solutions to multinational clients, irrespective of their size. Executing in a clear and consistent manner around the globe, MCS provides risk management programs with a service platform that comprises a combination of proprietary tools and technology and specialized resources.
MCS provides global expertise and an intimate knowledge of local markets, helping clients navigate local regulatory and legal environments and address the worldwide risk issues that confront them.
Marsh Risk Consulting
Marsh Risk Consulting (MRC) is a global organization comprised of consulting specialists dedicated to providing clients with advice and solutions across a comprehensive range of insurable and non-insurable risk issues, such as restructuring, product safety, patient safety, business interruption, supply chain, governance, workforce, and reputation.
MRC helps clients identify exposures, assess critical business functions and evaluate existing risk treatment practices and strategies.
In addition to its main risk management and broking practices described above, Marsh operates a 'Consumer' business in each geographic region that focuses on either or both of program marketing and administration opportunities and high net worth individual insurance sales. The Affinity/Program businesses sell and administer insurance products and services on a program basis, typically working with a sponsoring organization client to leverage the affinity relationship that client has with its constituencies (e.g., employees, members, franchisees, or customers, as the case may be).
These programs typically include group life & health coverage, professional liability coverage, personal property and liability coverage including automobile and homeowners' insurance, business owner protection, annuities, and variable security-related products. Marsh Consumer’s sales and servicing activities regarding high net worth individuals are largely U.S.-focused and operate under the names 'Private Client Services' (for property & casualty insurance products), and 'Private Client Life Insurance Solutions' or 'Private Client Solutions' (for life & health insurance-focused activities).
Marsh & McLennan Agency
In October 2008, Marsh established the Marsh & McLennan Agency (MMA) to be one of the premier insurance agencies in the United States, meeting the needs of mid-sized businesses across the country. MMA's services are targeted to customers who seek professional advice on program structure, market knowledge, experience and expertise in their industry, competitive prices, and local resources and service professionals. MMA offers commercial property and casualty, personal lines, employee benefits and life insurance / estate planning to clients through a dedicated sales and service force in retail locations operating independently from Marsh's other insurance broking operations.
As one of the largest underwriting managers of professional liability and specialty insurance programs in the United States, Victor O. Schinnerer provides risk management and insurance solutions to clients through licensed brokers. During the 2009 fiscal year, Schinnerer received applications from approximately 9,200 licensed brokers, of which approximately 6,500 have active policies with Schinnerer.
This group includes the ENCON Group Inc., a leading managing general agent in Canada. ENCON offers professional liability and construction insurance, as well as group and retiree benefits programs for individuals, professionals, organizations and businesses, through a national network of licensed insurance brokers and plan advisors.
Marsh and its parent company Marsh & McLennan Companies share a proud history of services and support to the communities in which we operate and where our employees live and work. We commit at all times to conducting business in a responsible way and demonstrate our corporate social responsibility (CSR) through a range of programs and activities under the banner of “Helping People and Communities at Risk.”
The core elements of our CSR program are philanthropy and employee volunteerism and sustainability.
Philanthropy and Employee Volunteerism
Marsh makes donations to a wide range of charitable and not-for-profit organizations. General policies and guidelines for such giving are established centrally, with country management applying them as appropriate locally.
Marsh staff are encouraged to engage with, and contribute to the well-being of their local communities. This support varies from country to country and is demonstrated in a variety of ways, including the provision of a day’s paid leave to assist on a community project and having a portion of an employee’s charitable fund-raising matched by the company.
Please note that Marsh is not accepting new partnership requests at this time. We thank you for your interest in our firm. To learn more about Marsh’s philanthropic programs please contact us or visit our parent company, Marsh & McLennan Companies website under the Corporate Citizenship section and the “Our Partners” page.
We recognize our responsibility to do business in a way that protects and improves the state of the environment for future generations. Learn more about our sustainability policies and programs.
In addition to the above, all employees of Marsh & McLennan Companies are bound by our Code of Conduct, known as The Greater Good, which includes a section on “Building Trust with Communities.”
The company also applies a robust diversity and inclusion policy in support of a key objective to attract, retain, develop and motivate the best people in our fields of endeavor, at all levels.