Marsh McLennan

In 1905, Henry W. Marsh and Donald R. McLennan founded Marsh McLennan, a company that would grow to become a leader in professional services. The duo started with a focus on providing insurance brokerage services, leveraging their expertise to secure contracts with major railroads, which were the lifeblood of American commerce at the time.

Over the decades, Marsh McLennan expanded its services beyond insurance, venturing into risk management, consulting, and financial advisory. This diversification strategy was pivotal in establishing the company as a multifaceted service provider, catering to a wide array of industries.

A significant milestone in the company's history was its initial public offering (IPO) in 1962, which provided the capital necessary to fuel further expansion. This move marked the beginning of a new era, allowing Marsh McLennan to invest in new technologies and acquire other firms to enhance its service offerings.

In recent years, Marsh McLennan has continued its growth trajectory through strategic acquisitions. Notably, in 2024, the company invested $347 million in acquiring six firms, strengthening its position in the wealth management sector. This acquisition strategy has been a cornerstone of its long-term growth plan, enabling the company to adapt to changing market dynamics and client needs.

Today, Marsh McLennan stands as a testament to the vision of its founders, maintaining a strong presence in the global market as a leader in risk, strategy, and people management. Its journey from a small insurance brokerage to a global powerhouse underscores the impact of strategic foresight and adaptability in the business world.