Connect with us

Hi, what are you looking for?

Loan And Finance

Marsh McLennan exits Russia | Insurance Business America

0292 637825359633165217

Marsh McLennan exits Russia

Marsh McLennan, parent company of the world’s largest insurance broker, has announced it will exit all of its businesses in Russia, following the “unprovoked attack by the Russian government against the people of Ukraine”.

Dan Glaser, Marsh McLennan president and CEO, said the company was “compelled to take this action” after “having watched with horror the tragic human toll in Ukraine”.

Marsh McLennan has four main brands: insurance brokerage Marsh, reinsurance brokerage Guy Carpenter, asset manager Mercer, and management consulting firm Oliver Wyman. It has annual revenue of nearly US$20 billion, and has 83,000 employees advising clients in 130 countries.

Following the decision on Thursday (March 10) to exit all of its businesses in Russia, Marsh McLennan intends to transfer ownership of its Russian businesses to local management, whom Glaser said will operate independently in the Russian market.

“This is not a decision that we have taken lightly,” the CEO added. “We join all those calling for a swift and peaceful resolution to this deadly conflict.”


Source link

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply


Top Stories

FTX founder Sam Bankman-Fried and Alameda Ventures made recent headlines for bailing out a handful of CeFi crypto platforms this week, but what exactly...

Top Stories

Although Bitcoin is struggling to form a bottom, altcoins are on a roll and the current price action could benefit UNI, XLM, THETA and...

Top Stories

Ethereum’s native token Ether (ETH) has declined by more than 35% against Bitcoin (BTC) since December 2021 with a potential to decline further in...

Top Stories

The company enables artists and collectors to create, purchase and resell NFTs via blockchain-enabled transactions. Source link


Interested in learning what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit...

Top Stories

Bitcoin (BTC) made the most of weekend volatility on June 26 as a squeeze saw BTC/USD reach its highest in over a week. BTC/USD...


You May Also Like


Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...