Form 8-K · Current Report · Filed 2024-11-15
Marsh & McLennan Completes Acquisition of McGriff Insurance Services
Marsh & McLennan Companies, Inc. completed the acquisition of McGriff Insurance Services, LLC for $7.75 billion in cash, effective November 15, 2024. The acquisition enhances Marsh & McLennan Agency's capabilities in the middle market and adds over 3,500 colleagues to its team. The press release, filed as Exhibit 99.1, highlights the strategic benefits of the acquisition and the continuation of McGriff's client service model.
- Filer
- Marsh & McLennan Companies, Inc. MMC · NYSE
- Filed
- Accession
- 0000062709-24-000098
- CIK
- 0000062709
- Signal
- High impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Termination of a Material Definitive Agreement
Completion of Acquisition or Disposition of Assets
Other Events
Market reaction
Close before filing
$221.50
Next session
+1.0%
Since filing
-19.6%
Latest close
$178.18
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MMC reporting the same item, with the next session's move:
Exhibits (1)
About Marsh & McLennan Companies, Inc.
Marsh & McLennan Companies, Inc. is a global professional services firm that operates through two primary business segments: Risk and Insurance Services and Consulting. The company's core function is to provide clients with comprehensive risk management services, insurance brokerage, reinsurance, and investment advisory, aimed at optimizing their risk profiles and ensuring consistent growth with minimized disruptions. Through its subsidiaries, Marsh and Guy Carpenter, the firm offers risk assessment, transfer, and management solutions across numerous industries, including financial institutions, healthcare, and energy sectors. In the Consulting segment, Marsh & McLennan, through Mercer and Oliver Wyman, delivers strategic consulting in human resources, health and benefits, wealth management, and economic advisory services. Established in 1871, with its headquarters in New York City, the company holds a significant market position due to its long-standing expertise, global presence, and diverse range of services that contribute to the stability and growth of its institutional and corporate clientele.
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